How Should Retail Users Mitigate Risks in the Face of Frequent Blockchain Security Incidents?
Everywhere there is a large commission, there is a high probability of a ripoff - Charlie Munger By now, every crypto user has heard of the recent FTX collapse. Since CZ’s tweets stirred up the storm, the world’s second-largest crypto exchange by trading volume was forced to file for bankruptcy in less than one week. Such a fast crypto freefall reminds people of the death spiral that destroyed LUNA-UST in May this year, which evaporated $40 billion worth of funds and hurt multiple distinguish...
How Should Retail Users Mitigate Risks in the Face of Frequent Blockchain Security Incidents?
Everywhere there is a large commission, there is a high probability of a ripoff - Charlie Munger By now, every crypto user has heard of the recent FTX collapse. Since CZ’s tweets stirred up the storm, the world’s second-largest crypto exchange by trading volume was forced to file for bankruptcy in less than one week. Such a fast crypto freefall reminds people of the death spiral that destroyed LUNA-UST in May this year, which evaporated $40 billion worth of funds and hurt multiple distinguish...
Immersive Learning
In this fast-paced age, it's hard to slow down and focus on studying or carefully reading through a book. This week I'll share some ways to help you achieve immersive learning, which is my topic today.Before that, you need to find the value of what you are learning. If you just learn for the sake of learning, then you may often wonder what you are doing this for. When you start to think this way, you will feel that learning is a boring, so you need to find the value of what you are ...
Immersive Learning
In this fast-paced age, it's hard to slow down and focus on studying or carefully reading through a book. This week I'll share some ways to help you achieve immersive learning, which is my topic today.Before that, you need to find the value of what you are learning. If you just learn for the sake of learning, then you may often wonder what you are doing this for. When you start to think this way, you will feel that learning is a boring, so you need to find the value of what you are ...
What are the differences between Bitcoin and Ethereum？
I briefly summarized four differences. First,they were founded at different times, and in the case of Bitcoin, its white paper was published on October 31, 2008, and Ethereum's in November 2013.Bitcoin was created by Satoshi Nakamoto and Ethereum was created by Vitalik Buterin. Second, there are only 21 million bitcoins in existence (nearly 200 remain unmined). Ethereum's total supply is currently unlimited Third, Bitcoin uses SHA256d and Ethereum uses Ethash, so they take different...
What are the differences between Bitcoin and Ethereum？
I briefly summarized four differences. First,they were founded at different times, and in the case of Bitcoin, its white paper was published on October 31, 2008, and Ethereum's in November 2013.Bitcoin was created by Satoshi Nakamoto and Ethereum was created by Vitalik Buterin. Second, there are only 21 million bitcoins in existence (nearly 200 remain unmined). Ethereum's total supply is currently unlimited Third, Bitcoin uses SHA256d and Ethereum uses Ethash, so they take different...
Reasons Behind Ethereum’s Shift Toward PoS
Under the same conditions, PoS is more secure. According to the data of crypto51, a 1-hour 51% attack on Ethereum will theoretically cost $1,298,172, while the figure will rise to a staggering 61,573,290 ETH when it comes to Ethereum under PoS.The system under PoS is easier to recover after being hacked. Under PoW, by contrast, if the hacker’s mining hardware manages to launch a 51% attack on Bitcoin, the Bitcoin network will fork and thus cannot resist subsequent attacks; yet “slashing penal...
Reasons Behind Ethereum’s Shift Toward PoS
Under the same conditions, PoS is more secure. According to the data of crypto51, a 1-hour 51% attack on Ethereum will theoretically cost $1,298,172, while the figure will rise to a staggering 61,573,290 ETH when it comes to Ethereum under PoS.The system under PoS is easier to recover after being hacked. Under PoW, by contrast, if the hacker’s mining hardware manages to launch a 51% attack on Bitcoin, the Bitcoin network will fork and thus cannot resist subsequent attacks; yet “slashing penal...
What is a mining pool? And what is a mining farm? How do they differ?
Suggested answer: A mining pool is a collection of hashrates. It combines miners around the world through a virtual platform as a single mining unit. Given that household electricity is expensive, and that mining rigs are noisy during operation, miners normally run all their mining rigs in one site for centralized mining. Such places are often remote, and electricity there tends to be cheap. Compared with mining pools, a mining farm exists in an actual venue.
What is a mining pool? And what is a mining farm? How do they differ?
Suggested answer: A mining pool is a collection of hashrates. It combines miners around the world through a virtual platform as a single mining unit. Given that household electricity is expensive, and that mining rigs are noisy during operation, miners normally run all their mining rigs in one site for centralized mining. Such places are often remote, and electricity there tends to be cheap. Compared with mining pools, a mining farm exists in an actual venue.
