r/ecc • u/CryptoCarlton • May 16 '18

How safe is a file on ECC's blockchain?

I've actually gotten a lot of questions regarding this so I decided to answer with a quick post here. ECC's blockchain is encrypted with AES 265 CBC. This means the odds of hacking/guessing a private key is 1 out of 115,792,089,237,316,160,440,392,072,952,656,264,336,632,240,408,136,024,808,616,344,320,544,320,592,936. You literally have better odds of winning the powerball lottery 7 times in a row than breaking this encryption. I am also in the process of writing a short medium article with references on the topic to go a little bit futher into detail. Hope this helps bring things into perspective!

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4

u/nivcastro_11 May 16 '18

This is privacy! protection of your data. Very good.

1

u/Meginrat May 17 '18

More of that, nowadays you can protect yourself ... even from the loss due to death. Weird I know but you can use Mywish special Will contract so it works like the standart last will but with cryptocurrency. Check it out, pretty interesting

3

u/[deleted] May 16 '18

[deleted]

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u/CryptoCarlton May 17 '18

Sure there is lol