Mining swimming pools controlling most of Ravencoin’s hash fee are constructing a competing chain that would set off a three-day reorganization.
Ravencoin dropped to a brand new 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 line 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 in the course of 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 stated the exploit precipitated susceptible nodes to just accept invalid blocks, with the primary identified occasion showing at peak 4,487,776 on Friday. Related invalid blocks appeared after the flaw was demonstrated on the mainnet, it added.
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