Monero’s blockchain experienced a reorganization of 18 houses of houses on Sunday, its deepest to date, which has effectively invalidated 118 confirmed transactions by retreating 36 minutes from the history of transactions.
The Reorg began up to block 3 499,659 when Qubic, a layer 1 layer 1 of layer 1 less known, triggered a chain longer than the monero network nodes accepted, orphans the previously confirmed blocks of the other chain.
This decision is the last climbing of a Qubic campaign, which acquired more than half of Monero’s mining power last month. Qubic uses “useful proof of work” (Upow) Model which reuses the XMR extraction rewards and converts them into USDT, which is then used to buy and burn Qubic tokens.
Despite the decline, XMR’s price challenged expectations, going to a two -month higher $ 333 after the attack, before seeing a slight drop at $ 307.5 at the time of the editorial staff. Cryptocurrency is still up more than 6.4% in the last 24 hours, while its daily negotiation volume jumped from $ 78% to $ 136 million.
“Personally, I do not consider the reliable monero network at this stage,” said Vini Barbosa, a cryptographic commentator on X, adding that he would stop accepting XMR payments until the problem is solved.
“In the last 720 blocks (~ 24h)213 blocks were orphans (114 produced by known swimming pools and 99 products by pools or unknown solo minors). It’s 29.5% of all blocks, “added Vini.” It’s just too much. “”
The attack can force the Monero community to make difficult decisions. An proposed solution is to use DNS checkpoints, Blockchain confidence snapshots, to counter future reorganizations.
Critics argue that this would compromise the decentralization of the network. On GitHub, the Crypto Rucknium researcher stressed that the temporary deployment of DNS control points is very likely to be quickly deployed.
