Today we will refer to a hot topic. We are often asked if FORSAGE can be hacked. What if someone hacks into a decentralized system? Will the money be lost? Let’s wrap things up once and for all. In this article we’ll see why a decentralized system is much safer than a centralized one.
Why do we need decentralization
The Internet as a global network went through 3 phases in its development. Web 1.0 contained mainly personal pages of users and was poorly distributed. Web 2.0 belongs to centralized companies and is most widespread right now. Web 3.0 is the phase that began to develop quite recently, and is still in its infancy. However, it is already clear that decentralization, autonomy and anonymity will be pivotal in it.
In the next 10 to 20 years, all the main Internet services will evolve, master the cryptoeconomics, and provide an opportunity to use decentralized networks that give users maximum freedom and confidence. It is sometimes mistakenly believed that decentralization is needed only to resist government censorship. In fact, this is just one of the benefits that ensure the superiority of decentralization over centralization.
Since its first emergence, decentralization has demonstrated its effectiveness in protecting blockchains and other infrastructure networks from the danger of being compromised. This is the main reason why we chose this path for FORSAGE.
Decentralized systems security
It is difficult for fraudsters to hack data on the blockchain network due to the scheme of their redundant duplicated processing and storage. To succeed, an attacker would have to hack a large number of nodes on the network. It is fair to say that this is virtually impossible, especially since the number of FORSAGE users is increasing every day.
As for the centralized websites, even the most famous and seemingly safest of them can fall prey to hackers from time to time. And users are those who are eventually harmed. No matter how strong the security team is, there will always be an equally strong hacker.
Remember that cryptocurrencies and blockchain are inherently decentralized, and, ironically, they became dependent on centralized financial platforms, exchanges, wallets.
FORSAGE stands for maximum freedom and security. The platform is based on smart contracts, and will work for tens, hundreds, and even thousands of years – as long as there is Internet on Earth.
This is how every user’s protection is guaranteed. Be it external attacks, or internal changes in the platform, e.g. moving to a new website domain, restrictions from any country’s authorities, first users becoming inactive, – nothing will affect the community members and their profit. Nothing gets in our user’s way since the smart contract works independently and autonomously.
That is why we have chosen decentralization. Now we can guarantee every member of the community an unprecedented level of security.