this post was submitted on 21 Sep 2023
849 points (96.3% liked)

Technology

60101 readers
1923 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
849
Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless. (markets.businessinsider.com)
submitted 1 year ago by [email protected] to c/[email protected]
287 comments fedilink hide all child comments
 

Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.::NFTs had a huge bull run two years ago, with billions of dollars per month in trading volume, but now most have crashed to zero, a study found.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 3 points 1 year ago (1 children)

"bulletproof"

Blockchain can be hacked, just like any other digital technology. In fact, it has already happened.

[โ€“] [email protected] 0 points 1 year ago* (last edited 1 year ago)

If you write smart contracts with vulnerabilities, they'll be hacked, that is not the same thing as a blockchain being hacked though. Also, smart contracts can be fully audited and provably correct, a lot of companies just half ass it. ERC721 spec (NFT) has drop-in contract code which no doubt has been audited and not hacked on its own.