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Is blockchain wallet safe3/31/2024 Both blockchain networks have their own mining communities where they solve computationally complex issues to add new blocks to the public ledger. In its core, Ethereum blockchain works similarly to the Bitcoin blockchain. Let’s explore each one, starting with the blockchain itself. When people ask that question, does it mean they are asking whether the blockchain itself is safe or a specific Ethereum feature (such as its smart contract) is safe? The same question can also apply to Ethereum wallet apps. The question Is Ethereum Safe itself is very vague. But, here comes the important question, “Is Ethereum Safe”? The fact that Ethereum can be used for various different use cases makes it more interesting than the first generation of public blockchain ecosystems. Ethereum is the second most popular cryptocurrency in the world after Bitcoin itself.
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