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Lost Ethereum

Publish: 2021-03-24 03:36:01
1.

a brief history of etheric Classics (etc)

etheric classics began with an unfortunate event

in May 2016, the decentralized autonomous organization (DAO) held a token sale with the goal of establishing a blockchain based venture capital to fund future decentralized applications (dapps) in the Ethereum ecosystem

basically, Dao is a complex smart contract that operates in a decentralized way - computer code that automatically performs tasks between multiple parties when conditions are met

despite its ambitious goals and successful token sales, Dao's code has a major vulnerability that allows attackers to steal eth from decentralized organizations

the attacker took advantage of this vulnerability in June 2016, triggering the infamous Dao hacking event, and maliciously stole eth worth about US $50 million

there is no doubt that Dao hacking has shocked Ethereum community and made eth price drop from $20 to $13

after the Dao hacking, the Ethereum community has to choose from three options

< UL >
  • do nothing and try to bear the consequences of the attack

  • start soft bifurcation to recover funds

  • deploy a hard fork to recover the lost eth

  • both soft and hard bifurcations are significant network upgrades. However, soft fork allows users who are not upgraded to communicate with upgraded users, while hard fork is not backward compatible with previous versions

    as developers realize that deploying soft forks will expose the network to distributed denial of service (DDoS) attacks, Ethereum community decides to initiate hard forks to recover the funds lost in Dao hacking attacks

    although this scheme is supported by most people, a small number of people in Ethereum community oppose it. They think that "code is the law" and blockchain network should be unchangeable

    the failure of both sides to reach an agreement on the solution eventually led to the fragmentation of Ethereum blockchain

    those who tried to recover the lost eth chose the hard fork and opened the Ethereum (ETH) blockchain as we know it today, while another group stayed on the original Ethereum classic (etc) chain

    what problems does ethereal classic solve

    Ethernet classic (etc) is a blockchain platform that allows developers to deploy smart contracts and dapps

    although this function is the same as Ethereum (ETH), etc blockchain has two main differences

    first of all, Ethereum classic community opposes tampering with distributed ledger and supports the view that "blockchain network cannot and should not be modified"

    secondly, although there is no rigid upper limit on the total supply of eth, it is allowed to create 230 million etc at most by adopting the monetary policy of constant supply

    as a bonus item, ethereal classic launched Atlantis hard bifurcation last year to increase the interaction with Ethereum and improve the privacy protection of transactions through ZK snarks

    the trading platforms recommended by ethereal classic etc are: Fire coin, okex, AAX, etc

    2.

    a brief history of etheric Classics (etc)

    etheric classics began with an unfortunate event

    in May 2016, the decentralized autonomous organization (DAO) held a token sale with the goal of establishing a blockchain based venture capital to fund future decentralized applications (dapps) in the Ethereum ecosystem

    basically, Dao is a complex smart contract that operates in a decentralized way - computer code that automatically performs tasks between multiple parties when conditions are met

    despite its ambitious goals and successful token sales, Dao's code has a major vulnerability that allows attackers to steal eth from decentralized organizations

    the attacker took advantage of this vulnerability in June 2016, triggering the infamous Dao hacking event, and maliciously stole eth worth about US $50 million

    there is no doubt that Dao hacking has shocked Ethereum community and made eth price drop from $20 to $13

    after the Dao hacking, the Ethereum community has to choose from three options

    < UL >
  • do nothing and try to bear the consequences of the attack; Or

  • start soft bifurcation to recover funds; Or

  • deploy a hard fork to recover the lost eth

  • both soft and hard bifurcations are significant network upgrades. However, soft fork allows users who are not upgraded to communicate with upgraded users, while hard fork is not backward compatible with previous versions

    as developers realize that deploying soft forks will expose the network to distributed denial of service (DDoS) attacks, Ethereum community decides to initiate hard forks to recover the funds lost in Dao hacking attacks

    although this scheme is supported by most people, a small number of people in Ethereum community oppose it. They think that "code is the law" and blockchain network should be unchangeable

    the failure of both sides to reach an agreement on the solution eventually led to the fragmentation of Ethereum blockchain

    those who tried to recover the lost eth chose the hard fork and opened the Ethereum (ETH) blockchain as we know it today, while another group stayed on the original Ethereum classic (etc) chain

    what problems does ethereal classic solve

    Ethernet classic (etc) is a blockchain platform that allows developers to deploy smart contracts and dapps

    although this function is the same as Ethereum (ETH), etc blockchain has two main differences

    first of all, Ethereum classic community opposes tampering with distributed ledger and supports the view that "blockchain network cannot and should not be modified"

    secondly, although there is no rigid upper limit on the total supply of eth, it is allowed to create 230 million etc at most by adopting the monetary policy of constant supply

    as a bonus item, ethereal classic launched Atlantis hard bifurcation last year to increase the interaction with Ethereum and improve the privacy protection of transactions through ZK snarks

    the trading platforms recommended by etc

    hot money, okex, AAX, etc

    3.

    BTC bitcoin

    bitcoin is the first distributed digital asset platform created. Since its launch in 2009, it has proven to be not only the most popular, but also the largest market capital value. In addition, it is also the most expensive, with a value of $10710 per coin on February 17, 2018. Bitcoin introces the first blockchain distributed ledger dedicated to recording all transactions, and gets rid of the function that users need a central authority to process or verify transactions

    its goal is to provide a platform for users to conct cross-border transactions without any intermediary, which is what we call decentralization. The platform's largest money (BTC) supply is about 21 million. Of this figure, about 16.5 million have been mined and are now in circulation. It is mined all the time around the world to ensure the circulation of coins

    Advantages:

    1. Its distributed system provides users with great freedom

    2. High portability

    This is a secure network

    disadvantages:

    1

    2. The user may lose the key

    eth Ethereum

    Ethereum is also a distributed platform, which was created by Network Programmer vitalik buterin in July 2015. Ethereum aims to enable users to create and deploy smart contracts. One of the main functions of smart contracts is to allow the creation of encrypted assets or tokens running on Ethereum networks. Ethereum token is used to purchase various functions such as cloud storage space. These tokens are stored in a digital wallet compatible with Ethereum blockchain

    Ethereum's digital currency ether serves as the medium for executing smart contracts. At present, about 98 million ether coins have been mined and circulated, and the circulation supply increases by about 18 million every year. Ethernet coin is created to run on the Ethereum network. It can be used to compensate the participant nodes or transfer from one user to another

    advantages:

    1

    2

    The safety was very high

    disadvantages: large circulation

    < H2 > extended data:

    generation principle:

    starting from the essence of bitcoin, the essence of bitcoin is actually a special solution generated by a bunch of complex algorithms. A special solution is one of the finite solutions of a system of equations. Every particular solution can solve the equation and is unique

    in the metaphor of banknotes, bitcoin is the number of the top word of a banknote. The number of the top word on a banknote owns the banknote. The process of mining is to constantly seek the special solution of the equation system through huge amount of calculation. The equation system is designed to have only 21 million special solutions, so the upper limit of bitcoin is 21 million

    to mine bitcoin, you can download the special bitcoin computing tools, register various cooperation websites, fill the registered user name and password into the computing program, and then click the operation to officially start

    after completing the installation of bitcoin client, you can directly obtain a bitcoin address. When others pay, you only need to post the address to others, and you can pay through the same client

    after installing the bitcoin client, it will assign a private key and a public key. You need to back up the wallet data containing your private key to ensure that your property is not lost. Unfortunately, if the hard disk is completely formatted, personal bitcoin will be completely lost

    4. After the hard bifurcation of etc, ETH came into being. The relationship between the three currencies is just like that between yen, won and US dollar
    5. If your mobile phone is lost, you can report to the relevant department and register. Some Samsung models support remote control function, you can try to use this function to locate the general location of the mobile phone. How to use remote control function:
    1. This function needs to enable remote control function, bind Samsung account and open mobile data through mobile phone before losing mobile phone
    2. Log in to the remote control website through computer or other mobile phones
    3. Enter Samsung account and password to enter the remote control website interface. Click to find my mobile phone, such as mobile networking, using this function, the mobile phone will automatically turn on the GPS function and locate
    note: if the mobile phone is not connected to the network or the remote control function is not turned on, or the other party resets the mobile phone, the remote control function cannot be realized.
    6. If it's lost, it's better to post the lost advertisement
    7. This is completely OK. The new account needs real name authentication. If you forget your password, you can get it back again.
    8.

    According to Chaina alysis, a research firm, up to 20% of the existing bitcoin has disappeared forever. At the time of the study, about 3.8 million bitcoins could never be retrieved. In this article, we will explore all possible ways to lose bitcoin

    1. Cryptocurrency hackers

    the hacker behavior of cryptocurrency exchange is the main reason for the loss of bitcoin. Exchanges are a hot target for cyber criminals, accounting for 27% of cyber attacks in 2018. Mt. GOx was the first high-profile cryptocurrency hacker, but since then, many major exchanges have been hacked, including bitfinex, bitstamp and, more recently, cryptopia, the cryptocurrency exchange in New Zealand, which lost 9.4% of its total positions

    Malware

    the malware on torrent website and Google play store are used to steal passwords from vulnerable categories. For example, there is a malware clipper that uses users' behavior of ing and pasting wallet addresses to steal passwords. For example, if you send BTC to an address, you usually and paste the address, because it is a long string of random characters, clipper malware will exchange wallet addresses, which means that when you paste, you will send encryption to the wrong address

    9. I have the impression that the password in this place can't be changed or retrieved. Once I forget it, I really lose it all.
    10. There was a theft incident in Ethereum before, which was very shocking. The founder of Ethereum claimed that these lost currencies could be recovered by changing the operation mode, so Ethereum made a hard fork. However, not everyone supported this fork. Therefore, some people still insisted on the original algorithm, so, The one who adheres to the original operation chain is etc, and the main chain after bifurcation is now Ethereum. The founder of EOS is DM. Inspirational has become a blockchain operating system. The relationship between EOS and Ethereum should be based on Ethereum. The main network will be launched in June this year, and its value should be greatly increased. At present, these three currencies are traded on multiple platforms, including btctrade international station, Huo coin, OK, etc., and currency security, coineggg, etc.
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