Is Bitcoin secure? Has this network ever been hacked?
Is Bitcoin secure? Has this network ever been hacked?
The Bitcoin network was released in Jan. of 2009. Over the 12 years in existence the peer-to -peer digital currency has proven to be secure, practical, and productive. Within the underlying technology, the data isn’t stored in a centralized repository (server), but shared within a network of nodes (computers), which is frequently verify records are accurate. Bitcoin is open source and the code is constantly being improved as well as monitored by the community. Any attempts to manipulate or mutate the transactions added to the blocks in the chain are protected by cryptographic mechanisms.
Bitcoin hacks or theft is usually the result of improper security or negligence on the part of the person or service holding the bitcoins not the network. H2cryptO takes extensive security measures to ensure clients accounts and investments remain as guarded as possible, but basically, security consciousness is a shared responsibility. H2cryptO can suggest security measures but are not responsible for software or hardware used for safe keeping on your behalf.
Digital currency is not legal tender, is not backed by the government, and digital currency accounts and value balances on H2cryptO are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections. Even with these safeguards provided by H2cryptO, we strongly recommend best practices to secure your account against unauthorized access.
