How Bank Hacking Works

Many financial institutions within the packet switching range of various X.25 networks can use that connection to transfer from one account to another, from one mutual fund to another, and from one stock to another We will transfer funds to things. Accounts, transfer from one bank to another, etc ... If people can intercept these transactions and transfer them to another account, they will be transferred (and perhaps canceled) before they turn out to be wrong )It is considered. Therefore, while greedy in our minds, I and colleagues experimented with this theory and began to conquer international banking operations.

The common examples seen in the real world are bank cracks. For example, someone steals money by attacking the bank and electronically transferring it to himself. The bank must ask the police to investigate the person and to condemn it to regain funds. Banks can not "undo change the database". The basic idea behind the smart contract of the block chain is "code is law". We release vulnerable and untrustworthy people from the decision-making process. Content written in software code is executed faithfully and irreversibly by block chains. A person's mistake is characteristic of other people. In the dispersed world, there is no central authority to judge what is wrong and what is characteristic. The written software code is the only objective representation of any protocol.

Each person stores a bit coin (or bit coin code) in a dedicated bit coin wallet. This is basically an encrypted online bank account. Because a hacker can not forge a system, it just penetrates a bank account and steals bit coins there. Once the Bitcoin code disappears, you will not be insured and there will be no central bank to protect you, so they will never come back. However, if you plan to earn money with bitcoin or other encryption currency, GUIMiner - GUIMiner.org, the GPU / CPU bitcoin minor for Windows, is best. Bitcoin miners This is very resource-intensive, so do not use it when playing StarCraft (you should guess).

Prior to Bitcoin, we could not conclude a financial agreement that could not be hacked. The bank was hacked several times and the payment system was also hacked. In the past ten years, Bitcoin has never derailed. There is no security hole. There is no 51% attack. Even with some flaws, this is an amazing achievement. This is the first feature that makes Bitcoin very important, even if it advertises government nuts (even if China can not mine and kill Bitcoin now banning ico exchanges). Is not it useless? Then ask today Venezuela or Zimbabwe people today. Because there is no choice, Bitcoin is the de facto payment system. Of course, in most economies of Western countries, I do not think that they are using it right away. But thanks to the bit coin, the lives of millions of people have recovered