Cryptocurrency Q&A
Can an EMP wipe out Bitcoin?
Can an EMP wipe out Bitcoin?
Martino
Wed Sep 11 2024
|
6 answers
1259
I understand that Bitcoin and other cryptocurrencies are decentralized digital currencies that exist on a blockchain network. But I'm curious, could an Electromagnetic Pulse (EMP) attack potentially wipe out Bitcoin or other cryptocurrencies? I've heard that EMPs can disrupt electronic devices and communication systems, so I'm wondering if they could also affect the blockchain network and the digital wallets where Bitcoin is stored. Is this a legitimate concern, or is Bitcoin and other cryptocurrencies more resilient to EMP attacks than traditional financial systems?
6 answers
GangnamGlamour
Thu Sep 12 2024
Moreover, the chances of a meteor strike wiping out all instances of the ledger are exceedingly slim, as the ledger is replicated and stored across multiple nodes worldwide.
Was this helpful?
121
56
BonsaiStrength
Thu Sep 12 2024
The decentralized nature of cryptocurrencies is a cornerstone of their resilience. It ensures that the ledger, the record of all transactions, is not centralized in a single location.
Was this helpful?
256
51
BlockchainLegend
Thu Sep 12 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of traders and investors in the digital asset space.
Was this helpful?
109
63
Daniele
Thu Sep 12 2024
Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at the current market price, and futures trading, which enables traders to speculate on the future price movements of digital assets.
Was this helpful?
149
87
SamuraiWarriorSoul
Thu Sep 12 2024
This setup makes it highly improbable that a single catastrophic event, such as an electromagnetic pulse (EMP), could destroy all physical copies of the ledger.
Was this helpful?
323
46
Load 5 more related questions
