Watch out for 3 scams of using Ethereum merger
Shared by the editor of World Chain Finance, it is less than 6 hours away from the merger of Ethereum, which is regarded as the next generation Internet Web3. From the perspective of workload proof, the blockchain network of the underlying infrastructure will completely change the consensus mechanism PoW mechanism to the proof of equity PoS. The following content will answer for you.
1、 Don't fall into a fraud pool for high returns
Before the merger, Steve Bassi, founder of PolySwarm, a decentralized security network market, was interviewed by the media. The fraudster may use Ethereum merger as a market hot spot to launch new scams for novice encryption users, including fake ETH2.0dai currency replacement, fraudulent ETH pledged ore pool, fake air drop and other forms. The latest security page of the Ethereum official website also prompts that merging will not produce anything ETH2 or any other new dai coins. Do not transfer ETH to any designated address in exchange for a false address ETH2dai. Never share your wallet's mnemonic with strangers.
Due to the merger of Ethereum, the PoW consensus for maintaining the network operation of the mine will be replaced by the PoS consensus as the verification node. According to the rules of Ethereum, the pledge is to store 32 in the beacon chain. ETH activates the verifier software. The verifier will be responsible for storing data, processing transactions and adding new blocks to the blockchain. The verifier can earn new profits ETH while ensuring the safe operation of Ethereum network.
Steve Bassi believes that for many holders of ETH, if they do not have the 32 ETHs required to become independent verifiers, then joining the pledge pool will be the only way for them to obtain income from the pledge reward. However, the joint pledge provider has its own risk, because it usually requires users to store ETH and give up control over assets. Bassi's new pledge provider may provide very attractive terms, but there may be a sudden rush to affect the participants in the pool. This risk currently exists in various DeFi asset pools or platforms dai in currency, and fraudsters are likely to use Ethereum merger to find new roles.
So far, in addition to the separate pledge beacon chain, there are also many third-party service modes providing pledge for Ethereum, including pledge as a service, integrated pledge pool and pledge service provided by centralized exchanges. The official website of Ethereum also lists the risks, rewards and requirements of using decentralized pledge services. Ethereum officials emphasized that these paths are aimed at the majority of users. Rewards and trust are different. Users should conduct their own research before sending ETH anywhere.
2、 Beware of falling into the ETH2dai currency upgrading scam
Bassi also warned of another scam - cheating users to sign fraud * * to obtain users' private keys under the guise of migrating to a new Ethereum chain. The upgrading scam repeatedly warned by the Ethereum officials is to use the concept of ETH2 - before the merger, the fraudsters are likely to trick users into converting their ignored ETH into ETH2dai coins.
In fact, the merger does not produce anything ETH2 or any other new dai coin ETH you currently own is the same ETH after merging, and no exchange is required. It should be known that as early as January this year, Ethereum officials abandoned the term ETH1. ETH and replaced it by the executive layer and consensus layer.
Before that, ETH1. It was usually accused of being an existing workload proof chain. After the merger, the chain will be abandoned through difficulty bombs. Users and applications will be migrated to the new proof of equity chain. This chain was formerly known as ETH2. To avoid confusion and prevent fraud, ETH1.ETH2. Ethereum officials asked core developers to stop using these two terms, replacing the ETH1 term with the executive layer and the ETH2 term with the consensus layer.
Therefore, it can be regarded as a scam to ask users to change the currency items on the cover of the dai with ETH22. On the security page of Ethereum's official website, the fraudster may appear on the appearance of technical support, telling users that they need to store the ETH in their hands to the designated address to obtain ETH2. In fact, this is not the official technical support of Ethereum, nor is it a mnemonic for the new dai never to share your wallet with strangers.
At the same time, it should be noted that some derivative dai currencies or vouchers may represent pledged ETHs, such as the ETH of RocketPool's rETH. Lido's stETH. Coinbase. However, these do not require ETH migration to a new chain that does not exist. Users do not need to handle the underlying consensus conversion of ETH.
3、 Don't fall into the trap of phishing websites for the sake of aerial dropping
In addition to the above two scams, Bassi added that another possible fraudulent media will appear in the form of false airdrop - persuading users to sign transaction authorization or visit online phishing websites to accept false airdrop. ETH merger will become a good excuse to disguise themselves as well-known fraudsters and commit to airdrop projects with economic value.
Bassi explained that these airdrops may position users as online phishing stations, and they may be cheated of ETH and private keys, or fall into well-designed transaction signature traps. Focusing on the hot issue of Ethereum merger, some fraudsters pretended to be the co founders of Ethereum, used the VitalikButerin account on Twitter to promote false ETH airdrops to induce Internet users to visit the fraudster's encrypted wallet. These addresses may involve phishing fraud, which requires careful identification by investors.
4、 Fake tweets that falsely use Vitalik Buterin information
In addition to fraud, the hacker attack of Ethereum merger should not be underestimated. Given the experience of the previous test network, most observers expect the merger to be successful. Bassi said that fraudsters or hackers can still find a way to play with the system. We really don't know whether fraudsters or hackers have developed attack DDoS technology. When ETH2.0 has ETH1. When all the economic values of 0 are combined, they can use attack technology.
To sum up, due to the merger of Ethereum, the PoW consensus for maintaining the network operation of the mine will be replaced by the PoS consensus as the verification node. If such an attack occurs, Bassi believes that it may only temporarily affect the network or the market, because many smart eyes focus on the combined behavior. However, attackers may look for opportunities to monetize any findings.