* Centralised database is eventually going to be hacked.
* Decentralised blockchain can't be hacked because it's well designed and tested.
Problem is neither of these statements are always true.
* Decentralised blockchain can't be hacked because it's well designed and tested.
Problem is neither of these statements are always true.
Also don't forget insider problems. Every major financial institution has massive insider threat problemss.
There are systems in place built over decades and regulated by the government that audit and monitor the behaviour of all employees. In particular those who have a higher ability to conduct fraudulent activities.
If you really want to see an insider threat issue you should look at the pump/dump schemes in the NFT world. That sort of immorality (and hopefully soon to be illegality) is truly shocking.