Monero’s ‘biggest’ Reorg knew 36 minutes of transaction history

Monero is reversing his biggest chain in his 12-year history.

The network reorganized 18 blocks, eradicate 36 minutes of transaction history and making 118 transfers invalid, according to independent monitors who reveal the incident on Saturday.

The native token of the Monero -Blockchain, XMR, is not affected, which increases by more than 5% on the day. It has risen almost 12% from the week to $ 302.54, according to Coingecko data.

“This is the biggest Reorg Monero ever seen,” an XMR community -Podcaster known as Xenu written On X, adding that the event shattered the old rule of thumb that ten confirmations were sufficient to consider a transactive final.

The recovery perform Between 14 and 15 September at block height 3,499,659, when the mining pool Qubic released a hidden necklace that caught up with the main network. Xenu later claimed that Qubic had minulated “because of selfish mining, even after all their reorgs.”

Representatives of the open-sourcing project of Monero and Qubic did not return immediately Decrypts Request for comments.

Selfish mining is when a miner holds blocks that they find and later publishes a longer chain that shepheres recent transactions. The tactic uses proof-of-work rules that reward cumulative work without distinguishing between steady contributions and private blocks.

Under Moneros Proof-of-work rules, the longest valid chain is considered the “real” history, so nodes switch immediately.

In the latter case, the withheld chain of Qubic became longer than the public. When it was released, nodes automatically accepted it as the valid history, forcing the network to throw away the previous 18 blocks and the 118 transactions they contain.

The move has effectively erased more than half an hour of the recent activity of Monero, although other miners had already confirmed those payments. The Reorg has also shown that ten confirmations did not provide sufficient certainty, prominent exchanges to extend their requirements.

Last month, Qubic attempt atAn attack of 51% on Monero because it developed ways to ‘experiment’ and ‘help’ to monitor the network against future attacks.

An attack of 51% takes place when someone controls more than half of the computer freight of a blockchain and can change how new transactions are recorded, block or reverse and possibly spend coins twice (double expenditures).

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

The payments that were once considered definitively were erased, which indicates how concentrated mining power threatens the network. Some users said they would stop accepting Monero returns to stability, while others had urged miners to go to smaller Polish.