A recent poll conducted by Christine Kim, a researcher at Galaxy Digital, has revealed significant misconceptions within the Ethereum community regarding the blockchain’s economic security. The poll, which asked the crypto community to assess the security threshold of ETH staked in securing the blockchain, indicated a lack of awareness about the actual risks of an attack.
Respondents to the poll displayed the following beliefs about Ethereum’s security:
44.9% believed that securing Ethereum requires 100% of all ETH staked, amounting to $110 billion, 31.4 million ETH.
20.4% thought 66.6% of staked ETH was sufficient, equivalent to $73.4 billion, 20.9 million ETH.
34.7% felt that only 33.3% of staked ETH, or $36.7 billion, 10.4 million ETH, was required for security.
How Vulnerable Is Ethereum?
Addressing these misconceptions, Christine Kim emphasized the actual vulnerabilities of Ethereum’s Proof-of-Stake (PoS) mechanism in a detailed follow-up on X. Kim highlighted,
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