Money Talk

Is ethereum safe?

Submitted by arnabkhn, , Thread ID: 185558

Thread Closed
03-11-2020, 12:32 PM
#1
The short answer is this:Ethereumitself is moresecurethan you might think, but using a decentralized app or exchange that hasn't be properly vetted could leave you and your ether compromised. Read on for a breakdown of how best to understand the major security issues ofEthereumand its smart contracts

RE: Is ethereum safe?

#2
It's not the most private coin, but it has a lot of people using it.

RE: Is ethereum safe?

#3
yes Ethereum are safe and a lot of user use Ethereum
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RE: Is ethereum safe?

#4
I think it's safe. Lets see what will happen in few months

RE: Is ethereum safe?

#5
I don't have any ethereum myself, but from what I've researched it seems fairly safe, unless encryption gets broken somehow. What might be more concerning is that they've had so much trouble scaling up, so that if it gets too popular then your ability to make a purchase with eth diminishes. It could take an hour before your purchase clears. That's just not a realistic replacement for money.

RE: Is ethereum safe?

#6
Ethereum is safe and mainstream. It will work for investment as a value store.

11-11-2020, 08:03 PM
xxaxx Wrote:
I don't have any ethereum myself, but from what I've researched it seems fairly safe, unless encryption gets broken somehow. What might be more concerning is that they've had so much trouble scaling up, so that if it gets too popular then your ability to make a purchase with eth diminishes. It could take an hour before your purchase clears. That's just not a realistic replacement for money.
This is true it won't be useful for payment.

RE: Is ethereum safe?

#7
It's a safe currency sure but hardly used if you are looking into it as a payment system.

RE: Is ethereum safe?

#8
Crypto currencies are safe in general. If you want a very very safe currency , use BTC , but ETH are much more safer than normal money.

RE: Is ethereum safe?

#9
yes it is safe like bicoins arre now used everywhere

RE: Is ethereum safe?

#10
Yeah it is safe, huge community, old and much more.

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