This Altcoin Is Under Another Major Attack Again – Warning Issued to Owners

Privacy-focused cryptocurrency Monero (XMR) has experienced its largest chain reorg in ￰0￱ event, which occurred hours ago, resulted in an 18-block reorg and invalidated 118 ￰1￱ to a development reported by OrangeFren in the crypto community, users accepting payments with XMR are advised to wait for more block confirmations instead of the usual 10 ￰2￱ Xian of blockchain security firm SlowMist compared the incident to the “sword of Damocles.” He argued that if the Monero community doesn't take the risk of a reorg seriously, the network could face the threat of ￰3￱ also noted that a 51% hash rate advantage isn't always necessary for ￰4￱ News: Billionaire Entrepreneur Chamath Palihapitiya Says, “Bitcoin Will Replace Gold,” Shares Price Prediction Monero confirms a block approximately every 2 minutes (an average of 720 blocks per day).

In the last 720 blocks, 108 orphaned blocks (15%) and 103 blocks (14.31%) came from unknown miners, representing a total orphan block rate of approximately 30%, well above Monero's historical ￰5￱ blocks are a natural occurrence in Proof-of-Work systems, occurring when two miners simultaneously discover a valid ￰6￱ this rate typically ranges from 1% to 3%, the current rate is considered “extremely abnormal.” Even in August, when only 5/720 blocks (0.7%) were observed, this rate was reported as “unusual.” In the previous Qubic case, this rate reached a maximum of 8.3% (60/720). *This is not investment ￰7￱ Reading: This Altcoin Is Under Another Major Attack Again – Warning Issued to Owners