Can blockchain be hacked?
Blockchain technology is designed to be secure, but vulnerabilities can exist. What specific concerns do you have?
I've heard about 51% attacks. Can you explain that?
A 51% attack occurs when a single entity controls more than half of the network's mining power, allowing them to manipulate transactions.
Are there any real-world examples of this happening?
Yes, there have been instances, like the Bitcoin Gold attack in 2018, where attackers exploited this vulnerability.
What can be done to prevent such attacks?
To mitigate risks, networks can increase decentralization, improve consensus mechanisms, and enhance security protocols.
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