How white hat hackers play critical role in cryptocurrency ecosystem

[Flow-er]

The white hat hackers play a critical role In the crypto space. The hackers with impeccable experience in hacking are meant to discover bugs. In cryptocurrency ecosystem, so many bugs have been detected by the white hat hackers. Bugs that would cost a company or crypto exchange millions of dollars. This set of hackers would dictect the gap and they will be paid handsomely by the firm in concern.


The white hat hackers as helped so many companies to detect loopholes hat the cybercriminals would take advantage of. This hackers has software that crawl into the wallet keys of the exchange to detect the gap that could be penetrated by the cybercriminals. It is very important to have the white hat hackers around, to Instigate a preventive measure on the security lapses.


A white hat hackers of impeccable history of hacking and software development, Freeman has helped many cryptocurrency exchange and the cryptocurrency ecosystem at large to discover a wormhole bridge that could be climbed by the hackers to access the funds of the cryptocurrency projects. A $350 million hole was left by smart contract and that could make the platform very vulnerable. These are ways the white hat hackers protects the cryptocurrency ecosystem

 

[Shaf]

Since there would always be hackers looking for loopholes in smart contracts to scam and steal funds, white hat hackers would always be important. Recently, a couple stole a couple thousand Bitcoin by exploiting such weakness.

They were caught and the cryptocurrency is now in government custody. This was a terrible loss for the blockchain and can be used as an argument against the safety and reliability of cryptocurrency.

 

[Flow-er]

Since there would always be hackers looking for loopholes in smart contracts to scam and steal funds, white hat hackers would always be important. Recently, a couple stole a couple thousand Bitcoin by exploiting such weakness.

They were caught and the cryptocurrency is now in government custody. This was a terrible loss for the blockchain and can be used as an argument against the safety and reliability of cryptocurrency.

The major duty of the hackers is to keep looking for the wormhole bridge to climb. They have the ability to develop malware that will screenshot the wallet keys and this will inturn expose the funds in such wallet.. as long as there are hackers , the services of the white hat hackers will always be needed

 

[Lens1000]

The white hat hackers are usually employed by most of the companies to help them block the loopholes that could be penetrated by the black hat hackers or the cyber criminals . this is a major reason why it is very important to employ the services of the white hat hackers in your company. Most of the companies of the world actually them for preventive purposes and they are paid handsomely. In the hacking world , the white hat hacking is an ethical hacking compared to black hat hacking that is not ethical. As a result of this, hacking is a very good business that one could venture into and make a lot of money but you should not do it in an unethical way . Black hat hacking is regarded as being a cyber crime and it is punishable under the law of your country. You could create a financial freedom for yourself if you have a skill around white hat hacking and that is probably the best thing to do instead of venturing into things that will jeopardize your future. the companies that employ this set of hackers pay them handsomely because their services sustained the business .