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What will happen once the security guarantees of ETH2 eclipse ETH1?
by DSingularity 6y ago
What will happen once the security guarantees of ETH2 eclipse ETH1?
- lostmsu 6y agoHow would that be possible?
- boring_twenties 6y agoIf no one wants to buy the old ETH, then it won't be profitable to mine, so no one will mine it. Without mining there is no security (as far as the old PoW chain is concerned.) Kind of like how Ethereum Classic (ETC) is subject to 51% attacks every other week and requires multiple days' worth of confirmations after deposit to any exchange.
- DennisP 6y agoMeanwhile, the higher the price of the new ETH and the more of it gets staked, the stronger its security.