Yugocean
Valued Contributor
September is here, and Ethereum is ready to move itself from PoS to PoW, but there is also a risk, because as crypto, Ethereum is just computer code.
I discussed the risks with some experts, and their point was that we have to be extra cautious.
If its nodes fail during the time of the merging process, then according to some experts, Ethereum holders will no longer be able to access their funds on the mainnet, layer-2, and sidechains for an uncertain time, while on third parties, such as DeFi or decentralised exchanges, they may lose funds.
The biggest problem for the hodlers is that most of them are not aware of the safety, and they are just keeping their ether on luck, while many others have moved their ETH to centralised exchanges.
So, you better decide where you are going to store your funds. I am keeping my ether where I earned, those experts know much better.
I discussed the risks with some experts, and their point was that we have to be extra cautious.
If its nodes fail during the time of the merging process, then according to some experts, Ethereum holders will no longer be able to access their funds on the mainnet, layer-2, and sidechains for an uncertain time, while on third parties, such as DeFi or decentralised exchanges, they may lose funds.
The biggest problem for the hodlers is that most of them are not aware of the safety, and they are just keeping their ether on luck, while many others have moved their ETH to centralised exchanges.
So, you better decide where you are going to store your funds. I am keeping my ether where I earned, those experts know much better.
