Why Bitcoin is Impossible to Hack 🪙

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8 months ago
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Health & Science Bitcoin BTC Satoshi Encryption Cryptography Quantum Computing Hack Hacking Hacker Security

The prevailing wisdom is: "anything can be hacked". But no Bitcoin wallet, let alone the Bitcoin network, nor Bitcoin itself, has ever been breached, and that is not from a lack of trying. Bitcoin has had more hacking attempts and attacks launched upon it than any other software or network in history. And those attacks are not limited to hacking groups, but also powerful Nation States. All have failed. So why can't Bitcoin be hacked?

A single Bitcoin wallet has more possible password combinations than there are atoms in the known universe. All Bitcoin wallets that have been compromised has been the result of user error. Poor security of their private key, such as taking a photo of it with a device connected to the internet, storing the private key online, or writing it down on a piece of paper that was found/stolen.

The Bitcoin network is decentralized and made up of hundreds of thousands of powerful hashing computers distributed around the world, and that number is growing daily. While one can be hacked, or even a group, it's impossible to hack all of them at the exact same time, since they are constantly verifying the Bitcoin distributed ledger code, and any changes to that code gets those computers kicked off the Bitcoin network.

Original Video by Swan Bitcoin: https://www.youtube.com/watch?v=1rtX1Za_PE8

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