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Learn Bitcoin and Blockchain

You're reading from   Learn Bitcoin and Blockchain Understanding blockchain and Bitcoin architecture to build decentralized applications

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Product type Paperback
Published in Aug 2018
Publisher
ISBN-13 9781789536133
Length 94 pages
Edition 1st Edition
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Author (1):
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Kirankalyan Kulkarni Kirankalyan Kulkarni
Author Profile Icon Kirankalyan Kulkarni
Kirankalyan Kulkarni
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Toc

Securing Bitcoin and blockchain

Investing in Bitcoin or any other Altcoins is a lucrative option that promises high returns in a short time, subject to risks. That is probably why we see a huge demand for these cryptocurrencies, which also shows us why there are ongoing attacks against exchanges and currency theft. An example of this was when the news was filled with headlines stating that top cryptocurrency exchanges were hacked and currency worth several hundred million dollars was stolen. You can see these headlines in the following screenshot:

The questions that arise are as follows:

  • How do we keep currency safe from all such attacks?
  • Is there any safe place?
  • Are there any do's and don'ts to be followed that can safeguard our currency?

So, most Bitcoin thefts are due to poor wallet or security management. In the following diagram, we can see the things that interest...

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