Let’s talk about smart contract risks.
In 2016, The DAO was attacked due to a reentrancy vulnerability. Ethereum then addressed the issue through a hard fork, while the unforked original chain continued as Ethereum Classic (ETC).
Honestly, I only came to understand this later: only put money into DeFi that you can afford to lose, and if you’re investing a larger amount, it’s best to spread it across different protocols.
Ethereum, where $ETH is, was one of the first public blockchains to support general-purpose smart contracts.
Don’t bet all your funds on a single assumption.
#ETH
In 2016, The DAO was attacked due to a reentrancy vulnerability. Ethereum then addressed the issue through a hard fork, while the unforked original chain continued as Ethereum Classic (ETC).
Honestly, I only came to understand this later: only put money into DeFi that you can afford to lose, and if you’re investing a larger amount, it’s best to spread it across different protocols.
Ethereum, where $ETH is, was one of the first public blockchains to support general-purpose smart contracts.
Don’t bet all your funds on a single assumption.
#ETH