In the past, there have been several cases of people losing their digital assets because hackers managed to exploit the vulnerabilities of blockchain wallets. It is important to note that this is not the fault of the blockchain itself, but of the team responsible for developing the hacked wallet. The security of your digital assets depends on choosing the right wallet and, most importantly, your behavior. Let’s take a look at what Cardano as a network is responsible for in protecting digital assets, what wallet developers are responsible for, and what you can do.
TLDR
- The Cardano network will not allow a third party to steal your property or restrict you from disposing of it.
- Cardano separates user data (digital assets) from the provided services. The interface to the service (wallets) can be provided by any third party.
- It is up to you to protect your digital assets through seed.
- Cardano can never be hacked when it comes to protecting your assets and the right to dispose of them freely.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/how-does-cardano-protect-digital-assets