Is Bitcoin secure? Has the Bitcoin network ever been hacked?

The past decade has proven the bitcoin network to be secure, functional, and efficient. The technology used to build bitcoin is mathematically secured by the laws of physics, and is constantly being improved upon by the open-source community. The software is actively inspected, and audited by this growing community.

Though there have been Bitcoin-related compromises in the past, this does not reflect upon the security of the Bitcoin network itself. Bitcoin-related thefts are usually the result of improper security or negligence on the part of the person or service holding the bitcoins. If you left your wallet on a park bench and it was stolen, it would not be considered a "hack" of the dollar. This is why it is important to trust the security practices of any Bitcoin-related service you use.

The system becomes more secure as more stakeholders become interested in the success of Bitcoin. An significant amount of resources are being devoted to securing the network, closing security holes, and thoroughly vetting proposed changes. For example, over 17 trillion maths problems, or SHA-256 hashes are being solved globally every second to secure transactions on the bitcoin network and prevent transactions from being counterfeited, making bitcoin the largest distributed computing project in human history.

​As a holder of bitcoin, you have tremendous control and power over your assets. Because of this, it is important to follow good security practices to protect your funds. Since most people are not trained in computer security, Dasset can manage the bulk of these security measures on your behalf.

At Dasset, we’re committed to security by using industry best practices and storing bitcoins in encrypted, geographically separated, offline storage. Even with these safeguards provided by Dasset, we recommend you take further measures to secure your account against unauthorised access.