Mining swimming pools controlling most of Ravencoin’s hash price are constructing a competing chain that might set off a three-day reorganization.
Ravencoin dropped to an all-time low on Wednesday as an exploited consensus vulnerability left a number of days of transactions in danger and prompted exchanges to droop RVN transfers.
In keeping with CoinGecko, the cryptocurrency dropped to $0.002754, about 22% beneath its 24-hour excessive of $0.003529. Buying and selling quantity climbed above $18 million through the sell-off earlier than easing to about $9.6 million, whereas RVN recovered to round $0.00284, on the time of writing.
On Tuesday, Ravencoin mentioned the exploit induced susceptible nodes to simply accept invalid blocks, with the primary recognized occasion showing at peak 4,487,776 on Friday. Comparable invalid blocks appeared after the flaw was demonstrated on the mainnet, it added.
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