Monero’s ‘largest’ reorg but deletes 36 minutes of transaction history

Monero has shrugged his greatest setback in the chain in his 12 years of history.

The network reorganized 18 blocks, edge 36 minutes of transaction history and invalidating 118 transfers, according to independent monitors that reveal the incident on Saturday.

The native tab belonging to the Monero block chain, XMR, has been little affected, since it increases more than 5% in the day. Almost 12% in the week appears at $ 302.54, as shown in Coingcko data.

“This is the largest monero reorg I have seen,” a XMR community podcaster known as Xenu wrote In X, he added that the event shattered the old general rule that ten confirmations were enough to consider a final transaction.

Reversion occurred Between September 14 and 15 at the height of the blockade 3,499,659, when Mining Pool Qubic launched a hidden chain that surpassed the main network. Later, Xenu said that Qubic had been extracted in isolation “due to selfish mining, even after all his reorgans.”

Representatives for the Open and Qubic project of Monero did not return immediately Decipher Request for comments.

Selfish mining is when a miner retains blocks they find and then publishes a longer chain that rewrites recent transactions. The tactic takes advantage of the work proof rules that reward cumulative work without distinguishing between constant contributions and private hoarding blocks.

Low Monero Working rules, the longest valid chain is considered the “real” history, so the nodes change immediately.

In the last case, Qubic’s retained chain grew more than the public. When it was released, the nodes automatically accepted it as the valid history, which forced the network to discard the previous 18 blocks and the 118 transactions they contained.

The movement effectively erased more than half an hour from Monero’s recent activity, although other miners had already confirmed those payments. The Reorg also showed that ten confirmations did not provide the appropriate guarantee, which leads the exchanges to extend their requirements.

Last month, I attempt QubicA 51% attack against Monero, as it developed ways to “experiment” and “help” protect the network against future attacks.

A 51% attack occurs when someone controls more than half of the computer’s power of a block chain and can change the way in which new transactions are recorded, block them or reversed, and potentially spend coins twice (double expense).

While that attempt was questioned, some Community estimates At that time he suggested that the control of the majority may have reached briefly.

Payments once considered finals were erased, pointing out how the concentrated mining power threatens the network. Some users said they I would stop accepting Monero until stability returned, while others urged the miners to move to smaller pools.