What does ETH double mining mean

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What does double excavation mean? What does double excavation mean? ETH is called the “second order” miner in the Ethereum bifurcation project, because of its characteristics, it will have a hard bifurcation every few weeks. Technically speaking, this is a one-way loop operation method (such as by placing two transactions into one block) to ensure the stability of the entire network’s computing power However, based on the current network conditions, this means that there is no need to make any modifications to the entire blockchain network, so it needs to make a choice between the two chains, forming the so-called consensus mechanism. However, due to the combination of the two, there may be certain conflicts, which may ultimately lead to system collapse and affect the operation of the entire ecosystem. So this situation occurs when you use two different types of methods to handle a certain asset

eth double mining

On August 16, Ben Edgington, a researcher of the Ethereum Foundation, published an article on Medium to discuss how eth double mining can solve the problem of ETH’s current block rewards. He stated that due to issues such as the PoW consensus mechanism, forked coins, and newly issued tokens, ETH dual mining has strong advantages, but also faces potential security risks: when ETH is pledged, it will generate a large amount of transaction fees; If the pledgor does not hold ETH and does not engage in collateral operations, they cannot continue to extract their native tokens (such as stETH); If it is not guaranteed that users can redeem their ETH and re launch the system at any time, it may cause losses; At the same time, it may also lead to a further decline in ETH prices.