@crystal_waston wrote:
The security of blockchain technology should not be confused with news about hacks, such as those carried out on cryptocurrency exchanges. The security of blockchain has roots in the cryptography that it utilizes however it is the technology's decentralized nature that provides the foundations for its security.
AH, crystal-BOT would be much more helpful by providing the original source site from which the above statement was mined. See the article Is Blockchain Secure? where we find the following paragraphs:
"No a blockchain itself does not get hacked. The security of blockchain technology should not be confused with news about hacks, such as those carried out on cryptocurrency exchanges. Similarly to normal hacks, the underlying vulnerability allowing for hacks on exchanges stem from centralisation. Despite blockchain technology being decentralized, there are still centralized aspects of it, such as cryptocurrency exchanges. This means that hackers can attack a single point in the hope of gaining access. As such, these hacks have given rise to calls for decentralized exchanges and it is only a matter of time before these become the main platforms allowing people to trade cryptocurrencies.
Such hacks epitomise how important it is for every aspect of blockchain to be as decentralized as possible, as distributed information and assets are definitely more secure.
The security of blockchain has roots in the cryptography that it utilizes however it is the technology’s decentralized nature that provides the foundations for its security. In fact, it is this distribution and decentralization that has got most people excited about the potential of blockchain technology."
I am sure that @Adesoji, @rslade, @Caute_cautim and others would prefer to read the entire article, which will probably help Adesoji answer his original request.
Now, back to our earlier question, is (ISC)2 running the crystal-BOT or is it a university AI research project?
