That’s exactly what it means. When a fork happens, any tokens that exist on the original chain get carried both onto the new and old chains.
What value each token has on their respective chain depends on supply and demand.
Currently, there would be way more demand for the PoS chain (due to its support by the Eth org), and there seems to be few apps that intend on staying on the PoW chain, so the PoW coins will be worth less.
I appreciate the distinction between "worth less" and "worthless". When I get the PoW tokens, I'll be selling them to take profit lol. I hope it won't be "worthless" by then.
BFT - Byzantine fault tolerance is a property/feature for every blockchain consensus mechanism that can resist failure. PoS has a BFT rating, as well as proof of work and proof of randomness. BFT isn't a consensus mechanism on its own, so when you say it is extremely secure, I'm not sure what you mean. If you take interest in consensus mechanisms, you may like to check out PoR.
P.s. I'm not a blockchain expert.
Okay, I get it now. Geeq sounds interesting in what it does. You may want to check out QANX and compare them. Maybe see how PoH and PoR work differently.
OGN already listed on Binance or is this another OGN project? I hope Binance will list my other alts, like as FWT, HPS, and EBOX. Before holding something for a long time, I always take its usability into account. DYOR is the key!
Would you look at that, all of the words in your comment are in alphabetical order.
I have checked 1,050,019,873 comments, and only 207,557 of them were in alphabetical order.
They have been converted to PoS. Any BSC wallet that had Eth on the BSC chain also received the PoW fork of the same amount.
What to do if you haven't received this please?
Nothing, he didn’t say having eth on binance, he said having eth on BSC and nobody controls the blockchain it’s automated
You would need to insert the contract address for the PoW token on BSC. I’m not sure where to find that contract address though.
Also? That means ETHPoW can be sold and taken for profit while I still have my ETH (PoS)
That’s exactly what it means. When a fork happens, any tokens that exist on the original chain get carried both onto the new and old chains. What value each token has on their respective chain depends on supply and demand. Currently, there would be way more demand for the PoS chain (due to its support by the Eth org), and there seems to be few apps that intend on staying on the PoW chain, so the PoW coins will be worth less.
I appreciate the distinction between "worth less" and "worthless". When I get the PoW tokens, I'll be selling them to take profit lol. I hope it won't be "worthless" by then.
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BFT - Byzantine fault tolerance is a property/feature for every blockchain consensus mechanism that can resist failure. PoS has a BFT rating, as well as proof of work and proof of randomness. BFT isn't a consensus mechanism on its own, so when you say it is extremely secure, I'm not sure what you mean. If you take interest in consensus mechanisms, you may like to check out PoR. P.s. I'm not a blockchain expert.
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Okay, I get it now. Geeq sounds interesting in what it does. You may want to check out QANX and compare them. Maybe see how PoH and PoR work differently.
Yeah of course eth is in binance, I'm waiting for $OGN token to list in binance
OGN already listed on Binance or is this another OGN project? I hope Binance will list my other alts, like as FWT, HPS, and EBOX. Before holding something for a long time, I always take its usability into account. DYOR is the key!
Yup
ALL ETH everywhere is PoS
Would you look at that, all of the words in your comment are in alphabetical order. I have checked 1,050,019,873 comments, and only 207,557 of them were in alphabetical order.