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Cryptocurrency News Video

Bitcoin: How to understand Eigenlayer’s new token issuance paradigm: infinite forks? #Bitcoin #Bitcoin #blockchain #Ethereum #cryptocurrency #virtual currency #currency circle #stock market #eigenlayer

May 02, 2024 at 09:57 am 风口财经

Hello everyone, this is Fengkou Finance, with insights into the veins of wealth, you will come back after all your money is gone. Today I want to talk to you about how to understand the intersubjective new token issuance paradigm proposed by Eigenlayer: infinite forking?
In my opinion, EIGEN is a new type of token between ERC20 tradability tokens and Staking functional tokens. By integrating "social consensus" into the definition process of token legitimacy, it provides an anchor for possible "infinite forks" in the future, always based on the "longest chain".
Conceptually, the Bitcoin chain is experiencing various minor "forks" all the time. For example, when different miners solve the proof-of-work problem and broadcast new blocks at almost the same time, the miners may continue to work on different blocks, causing a fork of the chain. However, in the end, only the "longest chain" will be considered legitimate, and short-lived forked chains will be discarded.
Video source:Youtube

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