WHAT IS THE MOST DOUBTFUL THING ABOUT BITCOIN AND THE BLOCKCHAIN?
BITCOIN
The most doubtful thing about Bitcoin was that, it wont be controlled or regulated buy any body and country, but it seems we are just seeing it happen.
Why should the price of Bitcoin be dependent on a Body, and a country’s government?
Personally, I think, this is the time Nakamoto should come forward and say something about this.
THE BLOCKCHAIN
There is a 100% doubt that Blockchain can be hacked into…
Blockchain test,
This is not like India’s Telecom chair challenging hackers to rip off information via giving out his Biometric ID number.
This is the one that will ever remain true.
Apart from optimum security, one of the greatest advantages of the Blockchain is the high degree of certification. When once a transaction is certified and saved within one of the chain blocks, it can no longer be modified or tampered with.
It can’t be hacked,
But why not?
The Blockchain is a public electronic ledger — quite similar to a relational database — that could be freely shared among diverse users which creates an unmodifiable record of their transactions, every one time-stamped and connected to the prior one - Jeremy M Williams.
Blockchain in a nutshell: A worldwide computer that is formed by lots of computers talking to each other - hackernoon.
ULTIMATE SECURITY OPTIONS
One of the reasons many startups have chosen to go with the Blockchain technology is the security options it gives.
Because the Blockchain technology is decentralized, meaning data is distributed among many Blockchain producers. That is not all.
The thousands of computers interconnected to it makes it impossible to be breached. So, in essence, no one wants to be hacked or suffer customers trust unworthiness.
Those are the doubtful, but some might not hold based on the way things are going …