Torylanez:


Hack a block chain technology ?
Chai Nairaland de harbour so many illiterates ��

Academicwizman:


E-naira is on Blockchain. There are basically two types of Blockchain. That is, permissioned and permissionedless Blockchain. They both use the distributed ledger system. However, permission Blockchain (the one on which e-naira is mined) can be controlled by a super entity (e.g CBN) unlike the permissionless Blockchain (on which Bitcoin is hosted) that cannot be controlled by a single entity. Records of both are immutable.

AmazingELixir:


Was it not developed by a human?

Simdyofficial:
Only as a rapist I don't do headslammers Btw, go ask your mama which cow raped her in the farm bfor she got u

Torylanez:


Get educated , just because it was developed by human doesn't mean it can get hacked !!!

That's why fintech now build their apps on block chain and also u 2SA to protect it

So No , eNaira can't be hacked if u as a customer don't give out your details to fraudsters

Get educated

AmazingELixir:


You need that education more than I do...the fact that blockchain technology configuration is decentralized and distributed doesn't mean its protocols cannot be bypassed..the most outstanding safeguard is that bridged segment is localized and doesn't not compromise the other segment. So youngman limit yourself to the things you know...as long as cyber warfare is concerned you're a learner.

Torylanez:


Why has Bitcoin and other cryptocurrencies been hacked then ?

Fejoku:

The app is dead and gone for our good.
Let me take it up with you so all those who read our exchange will determine who between us is right. I want you to tell the world the benefit of this electronic naira on the populace. Already your CBN has washed its hands off any monetary loss one suffers while using it so you should tell us who will be held liable for any loss in the course of using it by the people. Let me stop for now. I await your answers to these questions. If you don't answer them, don't ever bother to mention me again now and in the future.

xelly:


Now that I am a Southerner and not a Muslim nkor?

DominusPrime:

Really? So the app was working perfectly well but play store decided to take it down right?

Danisaint112:


Yes na. You. Think say Nigerians get joy? Anything Nigerian gonvernment and her allies drop on Playstore in this Buhari regime must go down.

alphaNomega:
There are not reinventing anything. It's all hogwash. Do you remember Nigeria air?

FabianE6789:


Yes I do

micellgevity:

In my honest opinion, I have read and read over and over again, but I still can't comprehend how eNaira is different from the Naira in my bank account that I can transfer to any other bank account. This feature which seems to be the flagship of the eNaira.

The CBN banned crypto currency in Nigeria, but still went ahead to introduce eNaira which they claim use blockhchain technology. I don't think they know what they want.

The best the CBN could do for Nigerians is to create an eDollar wallet where everyone will have access to forex without going to bank or bureau de change. This is how I think it should work:
1. You download the eDollar wallet and register.
2. Fund your eDollar wallet with Naira from your Naira bank account. Upon funding this eDollar wallet with Naira, your Naira automatically converts to dollars based on the CBN rate, which you can use to do do international transactions.
With this, there won't be any bureau de change or Aboki Fx to speculate the dollar price. The reason being that only the CBN will have control over the rate because the eDollar wallet belongs to them. Also, they will be able to monitor every dollar that goes out of this country for international transactions. There will also be a daily limit to the amount you can transact or transfer. Terrorists can be put under watch as there should be a law banning physical dollars in the circulation. Let all dollar transactions go through CBN eDollar wallet. In my opinion, I think the bereau de change will be out of business, the commercial banks will be boycotted and won't be able to cheat customers, speculators will not have anything to speculate and there will be one common dollar price.

Danisaint112:


Yes na. You. Think say Nigerians get joy? Anything Nigerian gonvernment and her allies drop on Playstore in this Buhari regime must go down.