Cybersecurity experts believe that cryptocurrency, wallets and blockchain infrastructure is not so well protected against hackers, as is commonly believed. Proof of what has been said is the fact that for 10 years the attackers were able to steal more than $ 1.2 billion in cryptocurrency. It is clear that a change in the course of coins may vary, but the fact remains - stolen money was enough to be able to speak with confidence about the vulnerability of the crypto industry.
By the way, this month cryptocurrency Bitcoin turned nine years. Infrastructure of that cryptocurrency was created (as far as can be judged) to create maximum protection from external interference. In general, this plan failed - there is no successful cases of attacks on blockchain. But here's the Bitcoin ecosystem elements, including users' computers or exchanges - they are vulnerable.
If all the stolen cryptocurrency could be counted in dollars now, the amount of actual losses would amount to tens of billions of US dollars.
According to other experts, not just Bitcoin, but other systems, quite vulnerable to hacking. This is largely dependent on the size of the network and the number of miners, which ensure normal functioning of the whole ecosystem. Many of blockchain still small, so for the intruder, if he desired, there is no problem affect the operation of such systems. Plus, there are errors in the code. Which lead to potential vulnerabilities.
In either case, use of blockchain have problems. The more of blockchains we have, the harder it is to ensure their safety. It may be reasonable to wait until the market settles down and left several leaders, so that other cryptocurrency and their infrastructure will go into oblivion.
Security issues are also the ICO. Only in 2017 as a result of the attacks had been stolen more than $ 300 million equivalent. And it is only in the case of known attacks, many of them remained outside the attention of crypto security professionals.
Hackers attention is now divided between crypto accounts and banks. This year, information security experts expect an increase in the number of hacking attempts both banking systems and crypto systems of different types.
Digital currency is just beginning to gain momentum. Today, investors have to be very careful to protect themselves from high risks. However, in general crypto industry grows, there are services and tools for regulation and protection from frauders and hackers. So, for example, is preparing to launch Safinus platform that will allow investors who have no experience in crypto industry to invest without risk to become a victim of fraud. It will use a unique mechanism of joining the investment portfolios of experienced investors.
Gradually blockchain ecosystem will create the immune system against unscrupulous community members. Market will not only improve itself, but also ICO investments flow will be distributed in favor of really useful for crypto industry projects, and investors will be able to earn more and with more secure.