Ethereum’s transition to proof-of-stake could make the network less secure and more vulnerable to attacks compared to proof-of-work, a security expert warns.
Despite the Ethereum Merge being touted as a major upgrade to the blockchain network, its transition to proof-of-stake theoretically makes it more vulnerable to exploit.proof-of-stake system
The researcher explained that an exploit could theoretically occur on the post-Merge Ethereum blockchain if validators manage to line up two consecutive blocks to validate. The expert said that while it’s also possible for miners to validate consecutive blocks in PoW networks — that comes down to “pure luck” and gives the miner no time to plan an attack.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's How Much Ethereum Validators Will Earn Post-MergePintail, pseudonymous Ethereum (ETH) researcher, calculated average rewards of Ethereum (ETH) validators in its upcoming proof-of-stake (PoS) version
Read more »
Study Reveals the Most Interested Country in the Ethereum MergeSingapore, Switzerland, and Australia are the most interested nations in Ethereum's shift to PoS, known as 'the Merge.'
Read more »
Liquid staking is key to interchain securityLiquid staking enables larger proof-of-stake (PoS) blockchains to help secure smaller ones, conferring benefits to the industry as a whole.
Read more »
'Miners Will Be Broke': Proof-of-Work Supporters Warn Ethereum's Merge Will Destroy Businesses | CoinMarketCapMiners will be 'broke' after Ethereum makes the switch to a PoS blockchain, with a multibillion-dollar industry vanishing overnight, according to ChandlerGuo 👀 Meanwhile, justinsuntron Ethereum to remain PoW. More opinions on CMC Podcast 👇
Read more »
Ethereum Merge makes network more vulnerable to attack — Security expertEthereum’s transition to proof-of-stake could make the network less secure and more vulnerable to attacks compared to proof-of-work, a security expert warns.
Read more »