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What is the impact of etc double excavation

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What is the impact of etc double excavation

etc What is the impact of double excavation? Can bi-directional operations be carried out during trading? This is a major challenge for miners. However, since both Bitcoin and Ethereum are blockchain systems based on the consensus mechanism of proof of equity, users need to first obtain income through two channels (wallet and exchange) to pay when participating in mining. This method can enable miners to gain more benefits while also reducing user costs. For ordinary investors, dual currency investments have significant risks. Currently, there are many projects targeting dual mining in the mainstream digital currency market, including ETHETC and EOSIO So, how to ensure the security of dual currency contracts? Below, we will analyze some of the main impacts of dual currency: (1) fund security. From the traditional bank account holding assets to the Digital renminbi account system. (2) Safety; (3) Safety; (4) Stable returns

etc etc double digging

According to the official news, the failure of the eth2 double digging algorithm and the instability of Ethereum network led to the dual currency attack. In the past 24 hours, various protocols, including eth1 and eth2, have successfully utilized this mechanism to prevent dual mine attacks, and there is currently no evidence to suggest that dual mine attacks will affect the main network; Therefore, it is recommended that users transfer assets to other chains for pledge and transaction as soon as possible, while avoiding using duplicate contract addresses.

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