Post
Topic
Board Announcements (Altcoins)
Re: ✅ [ANN] Genesis $GENX | P2P Payment Ecosystem | Equihash192.7 |
by
jimmybob_007
on 25/02/2019, 13:56:45 UTC
Delayed, for now, I got it.
Thank you for information on the future implementation of PoS on Genesis Network's network.
We have postponed PoS as v3 has critical vulnerabilities. We will implement at a later date once a solution has been developed or proposed.

What did you mean? Why I should be careful with v3 coins?
Quote
You should be careful with any v3 coins that you own.

They are vulnerable to fake stake attack (51% essentially).

Read more here: https://neironix.io/news/research_serious_vulnerabilities_revealed_in_cryptocurrencies_based_on_the_proof_of_stake_algorithm

If the network is compromised the price may drop considerably. Just be careful.