Blockchain technology is considered one of the most secure solutions in the digital world. The decentralized nature of the network, cryptographic protection, and public ledgers create high barriers to hacking. However, despite these features, the threat from hackers still exists.
There have been several instances when cybercriminals bypassed the protection by exploiting vulnerabilities in smart contracts or human error. In 2024, a study showed that over 60 percent of attacks on cryptocurrency platforms were related to code flaws. Therefore, while blockchain minimizes risks, it is impossible to fully eliminate threats.
Progress in security, such as multi-signature wallets, improved consensus algorithms, and audits, helps reduce the number of incidents. Nevertheless, like any other system, blockchain remains vulnerable if best security practices are not followed.
In conclusion, blockchain is a powerful protection tool, but it is not a cure-all. Full protection is only possible through integration with other technologies and proper risk management.
