Can Hackers steal your Crypto :

Important thing to notice here is, if a hacker, who wants to hack the distributed network or ledger of Bitcoin or any other cryptocurrency, he would need to hack not just one, but more than 50% of the network computers , famously known as 51% attack.

The Blockchain network of many cryptos are impossible to hack. Mainly because the technology behind these cryptos are constantly reviewed by the entire network. The blockchain network records and indexes each crypto transactions, like a bank ledger. However, the crypto blockchain is decentralised. This means that, instead of storing transaction data on a single server, the blockchain stores it across a distributed network of computers that monitors the network and verifying that the records are correct.

Although crypto’s like Bitcoin cannot be stolen, the same doesn’t apply for the user’s crypto wallets. Hackers can steal cryptos by sneaking access to crypto wallets of users, so we need to safeguard our Bitcoins and lookout for potential fraudulent transactions. Users have to be careful when they share their personal and digital credentials on any third-party sites.

Still, the doubt arises in the mind of many people what if the crypto network goes down due to a hack. However, as discussed earlier, a hack in current situation is quite impossible. To avoid being the victim of any such hacks, we highly recommend you to safeguard your credentials. Store your wallet keys offline and use two-factor authentications while logging in to crypto exchanges.

Read more about how hackers steal cryptos : https://www.cryptoliya.com/2021/07/can-hackers-steal-your-cryptocurrency.html