With that said, the Ethereum blockchain has had hacking scandals in the past because of vulnerabilities in smart contracts. The apps built on this blockchain are significantly safer and more resistant to hacking than the software you use now. Unless you can invest a fortune in building your mining facility. Ether is mostly mined using the GPU and specialized ASIC machines. You can call the people solving puzzles that make the blockchain work miners.
These new “second generation” cryptos act as an alternative to alt-coins. This means that the capital investment already made by the system’s participants—miners, merchants, and simple users—will ensure that the bitcoin system will last. Many do not foresee any of these alt-coins taking the place of bitcoin due to the network effect.
#Crypto Stories
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