Is Bitcoin secure?
The
Bitcoin technology - the protocol and the cryptography - has a strong
security track record, and the Bitcoin network is probably the biggest
distributed computing project in the world. Bitcoin's most common
vulnerability is in user error. Bitcoin wallet files that store the
necessary private keys can be accidentally deleted, lost or stolen. This
is pretty similar to physical cash stored in a digital form.
Fortunately, users can employ sound security practices to protect their
money or use service providers that offer good levels of security and
insurance against theft or loss.
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