Crypto Academy Week 5 Homework Post for Professor @gbenga | Topic: All About Blockchain Security


hello Everyone

This is my homework task for The Steemit Crypto Academy Week 3 by @gbenga

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Introduction

our homework topic is what are the security issues with cryptocurrency how can we keep our holding safe.
This topic is very important for everyone who is associated with crypto.
I hope people will read this post and will learn how to keep their assets safe and secure and to be aware of scams
so let's gettarted

security concerns

when it t comes to digital currency there also come concern with its rity. somesome exchange sites are not that secure although cryptocurrencies are secure and can be hacked because of their weak security or loopholes. Most exchanges store the wallet data of users to operate their user ID properly. This data can be stolen by hackers, giving them access to a lot of accounts. After getting access, these hackers can easily transfer funds from those accounts

To appreciate the risks of buying cryptocurrencies, it's essential to understand that any digital currency is accessed via a private "key," which is a complex password code that grants users access to a digital account.
“When it comes to risks with cryptocurrency, I think the main one is that most people store their private key on their PC like any other file," said Bryan Gour, cyber innovation architect at City National Bank. “There are a lot of dangers associated with keeping a key on a computer. It's highly risky because it's so easy for hackers to access a person's computer. And once a key is stolen, there's no getting it back. It's like having a credit card with no authentication check. That money is gone good."

safety measures

Protect your private keys, store safely, and don don't expose to site and people you t trust. connectincting your wallet to a wrong or fake site could be dangerous as your security information could be accessed

conclusion

Despite the cybersecurity risk, many still want to participate in the cryptocurrency market - whether in hopes of becoming an overnight millionaire or simply to be part of a new wave of technology. If you're one of those people, these tips may help secure your cryptocurrency account.
Make Security A Top Priority
An individual's private key is the only way to access this kind of investment, therefore it's vital to keep it safe. “One of the best things to do to protect yourself is not to keep your key online where it can be hacked
be responsible in keeping your keys and other ways to recover your account and beware of scams that offer big profit in a short period of time and those phishing sites that immediately compromised your account if you deal with it.
Sometimes we want to have more cryptocurrencies. While doing this, we would like to obtain it in an easy way, shortly, without making much effort. Scammers are aware of this. They can get all your information through bonuses or airdrop traps. From time to time, we encounter airdrop scammers on the Steem blockchain.
as We are in control of our account and if something happenedit there's no one one to blame but y

My experience

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I have never facuch an attack and I hop hopis doesn't happen to anyone in thn the future follow all the possible methods to safeguard yourself and reg this post has gis given me even more awareness. I will be following the steps suggested over here.
this is my first post in this coity and I hope u e u wiike it.

references:


Comments 3


Hello, thanks for creating this post. I have a few observation viz;

  • You need to work on your post spacing and heading.
  • Referencing is very important. Your post was put together with the help of a few materials, you should reference these materials.
16.03.2021 00:50
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sir, @gbenga I did what you said I have included headings and also the references and I hope you will give me a rating now as I have worked hard on it and also it isn't curated yet.

17.03.2021 08:13
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Hello sir, I am happy you have learnt from this and have corrected yourself. You could create a new post in the current task and if you do the right things, you will get a good rating. Thanks for your understanding.

17.03.2021 10:57
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