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What are the drawbacks of ETH double mining

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What are the drawbacks of ETH double mining

ETH What are the drawbacks of double excavation? ETH What are the drawbacks of double excavation? It can maximize the hash rate of Ethereum, but it may also lead to excessive congestion in the ETH network According to researchers, there are currently a large number of PoW miners and PoS mining pools experiencing problems when using ETH for dual mining, which can cause significant asset losses for users and result in higher transaction costs being burned out; Or transfer these benefits to other wallets when the user’s funds are insufficient. Therefore, for users, if the funds cannot be recovered in a timely manner, there will be systemic risks. If the cost is not considered, then attackers can achieve 51% attack through this method and ultimately receive rewards or punishments. Therefore, in order to prevent potential data loss, fraud, and other behaviors, it is necessary to conduct a thorough audit of the exchange to ensure security

ETH Dual Mining

According to ETHnews, ETH’s dual mining algorithm was launched on the testing network yesterday. According to the official introduction, when the eth2 network starts, eth1 and eth2 will split into two different blockchains: Ethereum Classic (ETC) and Monero (XMR). This means that during the same period, clients can continue to support new ETH2.0 validators without affecting the native PoW chain. At the same time, in order to make the two compatible, “dual rewards” will be implemented in this version after the ETH1. x main network is connected Currently, over 1000 wallet applications have accepted this dual reward plan.

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