Article directory
foreword
Recently, I have been asking about the upgrade of Ethereum on the phone. Every time there is an upgrade of Ethereum, especially a major upgrade, what I am most concerned about is whose interests this upgrade represents. What technology is used is not the most important thing. What new features are also a secondary issue. Attention everyone, in the world of the currency circle, technology is only a means, and the core issue is still interests.
Many people may still have lingering fears when they think of the hacking incident in the encryption industry before 2016. 3.6 million ETH, more than $60 million at the time, was the amount stolen in this far-reaching hack. If calculated according to the historical highest price of ETH, 3.6 million ETH is worth close to 17.5 billion US dollars.
After the attack, it is proposed that the community conduct a soft fork on the Ethereum blockchain, and consider related transactions as invalid transactions, so as to prevent the attacker from withdrawing the stolen ETH. After that, a hard fork vote is initiated to roll back the state of the blockchain to the state before the attack, retrieve the ETH and return it to the victim. Soon, the Ethereum community launched a vote on whether to support the hard fork. Nearly 97% of ETH holders voted in favor, and only a few people disagreed with the fork. Finally, the hard fork plan was unanimously passed. It seems that the vast majority of people support the victims and protect the interests of the victims. After that, Vitalik led the community and started a hard fork from 1.96 million yuan, and then parted ways with the original blockchain. But at this time, a group of people rose up and continued to maintain the blockchain after the attack under the banner of "code is low". This group of people included the vested interest community behind the hacker. Under the banner of self-made ideals, they launched ETC. So at an important moment, different people have different positions and reached different consensuses, forming two communities, two cultures, and two currencies.
Every time Ethereum is upgraded, especially a major upgrade, I am most concerned about whose interests are represented by this upgrade. What technology is adopted is not the most important thing. What new functions can be brought is also a secondary issue. Attention everyone, in the world of the currency circle, technology is only a means, and the core issue is still interests. The wheel of history is always repeating itself. At present, everyone keeps calling me and asking me, what is the reason for this new upgrade merge, what impact will it bring, and will there be a chance to get rich, gitcoins The Douyin channel will continue to analyze and track and report this upgrade, and will use the same logic to analyze the motivation for this upgrade. Please continue to pay attention.
