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Would anyone be willing to give me brief explanation of what exactly Ethereum is/does and any scams to look out for? (alien.top)

submitted 10 months ago by WannabeAGhoatStory@alien.top to c/ethereum@blockchained.world

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Hi! I am a digital artist and I have had a few offers made on my art but they buyer wants to pay with Ethereum. I don’t know much about cryptocurrency and even less about Ethereum so I don’t know if this is a scam or not. Would anyone be willing to help me out?

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[–] erizi0n@alien.top 1 points 10 months ago

One sentence in your whole comment is false: “This database has never been hacked, as Bitcoin.”

True for Ethereum, false for Bitcoin.

On Aug. 15th, 2010, an unknown hacker nearly destroyed Bitcoin. The hacker generated 184.467 billion BTC out of thin air, in what has become known as the “Value Overflow Incident”. Satoshi hard forked the chain to remove the 184.467 billion BTC, which is the only thing that saved Bitcoin from dying an early death that day. (Source: https://en.bitcoinwiki.org/wiki/Value_overflow_incident)