Sara
Sat Jun 08 2024
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5 answers
1240
Is crypto more secure than banks?｜. Cryptocurrencies use advanced encryption and decentralized ledgers. Hacking one account in a decentralized system is like trying to change a page in a thousand books stored worldwide — nearly impossible.Banks have security measures in place, but they can still be vulnerable to cyberattacks or internal errors
Is cryptocurrency truly safer than traditional banking institutions? Cryptocurrencies boast sophisticated encryption techniques and decentralized ledgers. Think of it this way, hacking into a single account in such a decentralized system is akin to attempting to alter a single page in a thousand books scattered across the globe - a nearly insurmountable task. On the other hand, banks do have robust security measures in place, yet they still remain susceptible to cyberattacks or even internal blunders. What's your take on this comparison? Do cryptocurrencies indeed offer a superior level of security?
