What happened
Two pools controlling the majority of Ravencoin's hashrate are building an alternative chain following an invalid block.
Why it matters
If the alternative chain is accepted by the network, deposits, withdrawals, and payments spanning several days could have their status changed.
Two mining pools controlling the majority of Ravencoin's hashrate are building a replacement chain starting from the period before the first invalid block found on Friday, CoinDesk reported.
As a result, deposits, withdrawals, and payments conducted after that moment are at risk of reversal. This involves a potential rollback of approximately four days of transactions.
For users, this means it is necessary to closely monitor the status of Ravencoin operations. The provided materials contain no information regarding the cause of the defect, the exact volume of affected funds, or the network's final decision.
Confirmed facts
- CoinDesk reported on the situation with Ravencoin.
- Two mining pools control the majority of Ravencoin's hashrate.
- The pools are building a replacement chain starting from the period before the first invalid block found on Friday.
- Deposits, withdrawals, and payments conducted after that moment are at risk of reversal.
- The source describes a possible rollback of transactions covering approximately four days.
Context
Ravencoin is a blockchain created based on Bitcoin's code, according to the source headline. Available information is presented as a CoinDesk synopsis rather than the full text of the material or a primary statement.
What remains unknown
- Will the replacement chain be accepted by the network?
- What is the exact cause of the invalid block?
- What volume of transactions and funds is affected?
- Which exchanges, services, and users have already suspended operations?
Editorial context
Confidence: medium
The likely consequence is a reassessment of the status of deposits, withdrawals, and payments made after the first invalid block. The next observable signal will be the acceptance or rejection of the replacement chain by the network and the reaction of Ravencoin services. Significant uncertainty remains: available material does not reveal the cause of the failure, the scale of damage, or the outcome of the operation.