Why does Ethereum not allow the withdrawal of coins (why does Ethereum not receive the withdrawal of coins)

08/05/2023 02:13 • Metaverse Matters • 104 views

Why does Ethereum not allow the withdrawal of coins According to CCN news, Ethereum community recently discussed a question, why does Ethereum not allow the withdrawal of coins? The reason is:

1. If the user wants to withdraw assets without being frozen, they can first transfer the money to the exchange and then deposit the money in the designated wallet

2. Due to the high gas and transaction congestion caused by the Ethereum merger, ETH cannot pay the processing fee (these two problems cannot be solved at present), so all funds need to be transferred out

3. “Bifurcation” is the most important project in the Ethereum ecosystem, and the upgraded network is more vulnerable to attacks and impacts. This vulnerability is mainly through Replay attack. For example, a miner must find someone else to dig it in order to increase his computing power, which can make the whole system more secure Decentralized exchanges like 4 and 1 inch also have similar security risks. When you want to withdraw cash from the exchange, you need to reapply for a new trading pair to confirm, otherwise your Bitcoin will be locked

What is the reason why Ethereum failed to cash in?

Yesterday evening, a large amount of money transfer problem occurred on Ethereum, causing some users to fail to cash in. According to data from OKLink, as of now, more than 2000 ETH addresses have participated in this transaction, but only one account starting with 0x6b has undergone this processing. According to the Odaily Planet Daily, in the past two hours, more than 30000 ERC20 tokens have been transferred from the Ethereum blockchain to different wallets, and these transferred funds have been sent to unknown wallet addresses However, this phenomenon is not sustainable as many users’ withdrawal records are on exchanges or other platforms, and for various reasons, it is impossible to confirm whether there is any abnormal behavior. So why did the above situation occur? It depends on the amount and type involved.

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