What are the main security challenges in blockchain technology?
An example of an AI chatbot conversation about blockchain security challenges.
What are the main security challenges in blockchain technology?
The main security challenges in blockchain include 51% attacks, smart contract vulnerabilities, and private key management.
Can you explain what a 51% attack is?
A 51% attack occurs when a single entity gains control of more than 50% of the network's mining power, allowing them to manipulate transactions.
What are smart contract vulnerabilities?
Smart contract vulnerabilities are flaws in the code that can be exploited, leading to unauthorized access or loss of funds.
How can I secure my private keys?
You can secure your private keys by using hardware wallets, enabling two-factor authentication, and keeping backups in safe locations.
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