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Ethereum is getting a lot of heat for being "pre-mined". What stops someone from running an alt-ethereum blockchain which is not pre-mined? AKA a non-pre-mined
by ubersync 11y ago
Ethereum is getting a lot of heat for being "pre-mined". What stops someone from running an alt-ethereum blockchain which is not pre-mined? AKA a non-pre-mined Ethereum fork?
- Hexayurt 11y agoA desire for a funded entity to continue development work.
- drcode 11y ago1. It would be more prone to 51% attacks, unless they use a different mining algorithm than the more popular chain 2. The usefulness of contracts involving money is directly proportional to the stability and aggregate value of the base currency, and a copycat will not be able to match the official net on this measure. 3. The grim trigger equillibrium would doom such a blockchain if it becomes successful (look up on wikipedia) 4. There would be no dev team to support ongoing development if it overtakes the main net. 5. Network effects