The Crypto Paper
Published in

The Crypto Paper

How Secure Are Crypto L1 Networks Really?

Photo by Markus Spiske on Unsplash

The media on the internet is currently talking about the recent hack of the Elrond L1 network and how $1.65 million worth of EGLD tokens were stolen, resulting in a 95% drop in token value. However, while the whole thing is painful for those who were harmed, it is only half as wild in the overarching context as it initially sounds.

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TheLuWizz

TheLuWizz

Talk about crypto stuff, personal development, entrepreneurship, travel experiences, and things that inspire me! No financial advice!