Blockchain and distributed ledger
Bitcoin was invented in 2009 and was the first application of blockchain and distributed ledgers where information is stored in a peer to peer network and distributed among nodes. During these nine years, there has not been a single hack to Bitcoin itself. This doesn’t mean that it won’t or can’t happen. However, the security of blockchain and distributed ledgers makes it extremely difficult in comparison to traditional centralized technology, which is also considerably more expensive. Because Loycha will be using the same technology, meaning the blockchain and distributed ledger (data storage is distributed among nodes) that uses crypto and mathematical algorithms to achieve the same, data breaches will be near impossible. Even if a node or few of them are hacked and data inside them is breached, there will be thousands or hundreds of thousands of copies around the globe that will prevent the system from collapse and will ignore only those nodes and continue to work normally.