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Monero Rises Over 7% Despite Suffering 18-Block Reorg


Monero's privacy code has increased by more than 7 %, although Blockchain suffers from a formula of 18 blocks, which reflected about 117 transactions and raised society's concerns about the future of Monero Ecosystem.

The security team was committed by the team behind QBIC, which is a Blockine group and a mining complex focusing on class 1 that focuses on artificial intelligence that collected 51 % of retail on Monero and committed the re -month of six nets last month.

Rorg started at Block 3499659 on Sunday at 5:12 am International time and ended in Block 3499676 approximately 43 minutes later, according to the sources that manage the Monero contract and shared the driving line control units on X.

The latest security breach in Monero was also confirmed by the Rocknium Current Protocol Researcher on GitHub.

Surprisingly, the Monero (XMR) icon was relatively flat during RORG, and after a little more than eight hours, it was in a march of 7.4 % from $ 287.54 to $ 308.55, according to Coingecko. XMR managed to rise despite the wider market decreased about 1 % on Sunday.

Crypto PodCaster Xenu – one of the first to report Rorg from Monero – suggested that QBIC may have been trying to implement mechanisms to “stop bleeding” the price of XMR.

Change XMR in the price over the past 24 hours. source: Coingecko

Rorg-which Xenu claimed as the largest in the history of the network-has pushed a discussion on how to deal with the privacy chain to move forward.

Repeated attacks shed light on how groups are tampered with proof of work when they are not decentralized enough, which hinders their use as a cash network.

“I personally do not consider Monero reliable at this stage. I will stop accepting XMR for payments until this situation is resolved,” said one of them Crypto Pundit, Vini Barbosa, on Sunday on X.

Monero may need centralization to reduce the effect of QBIC

Rocknium said that it is “very likely” that Monero's knot operators will start approved the field name system (DNS) – as the contract brings reliable mass data from the community -based DNS servers – as a solution to prevent repetition.

However, this comes at a central cost, which may argue that some have already been distorted by the retail price share of more than 51 %.

“If no person in the Monero community takes the issue of reorganization seriously, then this DAMOCLES sword will always be on the head of Monero,” Yu Xian, founder of Blockchain Security Compa, Slomist, was published on X.

Monero looked at solutions to prevent 51 % of attacks

Previously, the MONERO community explores a possible reform process for the consensus mechanism to prove work to make the network resistant to 51 % of the attacks.

Among these proposals, it included the localization of mining devices, the transformation into a musion mining algorithm, allow XMR mining using Bitcoin (BTC) and other cryptocurrencies, and adopting a Dash ChainLocks solution.

To date, no solution has been implemented effectively, and QBIC still has a significant impact on the network that focuses on privacy.

Related to: Kraken stops Monero deposits after an attack 51 %

Monero had a 10 -lock lock mechanism to protect transactions from Reorgs to 10 blocks, but the redemption of 18 blocs that exceeded that protection, indicated by Rocknium.

Despite the violations of the network, XMR has filled relatively strong as reports were first submitted about QBIC's acquisition on about 28 July – only 5.85 % decreased.

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