Monero Stability Questioned as Chain Suffers 18 Block Reorg
Monero, the main privacy-focused cryptocurrency, is as soon as once more underneath stress after struggling its largest chain reorganization to this point.
On September 14, community displays reported an 18-block reorganization that successfully erased 118 transactions. Independent analyst Xenu described the occasion as the biggest reorg in Monero’s historical past, amplifying issues concerning the community’s resilience.
Monero’s Record Reorg Shifts Focus to Qubic’s Influence
A blockchain reorganization happens when miners disagree on which model of the ledger represents the legitimate chain.
This can occur when blocks are produced nearly concurrently or when software program glitches disrupt validation. It can even happen if attackers push the community into competing forks.
When this occurs, the consensus guidelines choose the longest legitimate chain, which discards shorter forks and erases their transactions—leaving customers with invalidated transfers.
In Monero’s case, miners had been pressured to decide on between competing forks earlier than aligning on a dominant chain. The fallout invalidated transactions that had already appeared confirmed, reviving long-standing issues about Monero’s vulnerability to majority hash energy focus.
This growth shortly shifted consideration to Qubic, a rival blockchain venture with a controversial presence in Monero’s mining landscape.
Earlier this yr, critics accused the community of attempting a 51% attack on the larger privacy-focused blockchain. Mining Pool Stats data exhibits Qubic presently accounts for two.11 GH/s of Monero’s 6.00 GH/s community hashrate, making it the only largest participant.
Qubic founder Sergey Ivancheglo added gas to hypothesis with a cryptic publish on X, claiming Monero “will keep as a result of Qubic wished it to remain.”
Analysts interpreted the comment as signaling that the community disruption aimed to exhibit energy quite than to safe monetary acquire.
However, Xenu, citing Monero developer Sech1, pointed to a 43% orphan price in latest blocks, noting that Qubic loses mining rewards by way of inefficient methods such as egocentric mining.
“The final couple of weeks have proven a waning curiosity round this assault, however invalidated transactions will jolt the group once more. DNS examine pointing, a centralized repair which checkpoints blocks, is being examined vigorously,” he added.
Still, Yu Xiang, co-founder of blockchain safety agency SlowMist, warned that Monero dangers residing underneath “a Sword of Damocles.” According to him, the continuing potential to reorganize the chain—even with out a direct double-spend—will steadily erode investor confidence.
The publish Monero Stability Questioned as Chain Suffers 18 Block Reorg appeared first on BeInCrypto.
