Have you heard what happened? The Monero (XMR) network experienced an unprecedented event on September 14: a reorganization of the blockchain (Reorg) with a depth of 18 blocks! This massive event resulted in the replacement of about 36 minutes of the network's history and the cancellation of 118 previously confirmed transactions.
What does this mean?
Simply put, a "reorganization" occurs when a competing branch of the blockchain with greater cumulative proof-of-work (PoW) power surpasses the current branch, leading to the "orphaning" of the original blocks and their replacement. This means that transactions made in those canceled blocks are no longer valid and must be confirmed again.
Why is this important?
• Deepest Reorganization in Monero's History: This event indicates potential challenges in the network's stability and may raise questions about its security in the short term.
• Hashpower Friction: Analysts suggest that this could be an indicator of "hashpower friction," meaning there is competition or conflict among miners that may affect the stability of the network.
• Impact on Trust: Such events can shake investors' and users' confidence in the reliability of the network, especially since Monero places great importance on privacy and security.
What should you do?
If you are a Monero user or interested in it, stay updated with the news. We are closely monitoring the situation and will provide you with the latest updates and analyses.
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