Monero (XMR) Rallies 5.5% Following Rare 18-Block Reorg
TL;DR
- Reorg Impact: Qubic triggered Monero’s largest-ever 18-block reorg, reversing 117 transactions and exposing critical flaws in the network’s decentralization and lock mechanisms.
- Price Reaction: Despite the rollback, XMR surged 7.4% in eight hours, outperforming the broader crypto market and defying expectations of a sell-off.
- Security Debate: Developers are weighing DNS checkpoints and consensus changes to prevent future reorgs, sparking debate over centralization risks.
Monero (XMR) surged over 5.5% despite suffering its largest-ever blockchain reorganization. The 18-block reorg, triggered by mining pool Qubic, erased 36 minutes of transaction history and invalidated over 117 transfers. While the event raised serious…
