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RE: Steemit Crypto Academy Contest / S8W1 - The Importance Of Blockchain Technology
However, due to the decentralized nature of blockchains, they are vulnerable to malicious attacks. Hackers can use various methods to compromise the system, such as the 51% attacks, double-spend attacks, and front-running.
The decentralized nature of the blockchain is actually one of the major reasons why the blockchain technology is facing so many forms of attacks. This is because it is open to everyone, so people out there are trying very hard to find their way to system. Which is actually bad.
Good luck to you.
Brotherly, I really appreciate the time your dedicated in checking out my article. I agree with you friend, the fact that everyone can come in and access the system, there are sure to be some security challenges.
Thanks for your support and show of love brother, I appreciate ❤️:-)