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Verge (XVG) Has Undergone One Of The Deepest Reorganizations Of The Leading Blockchain To Date

16 February 2021 15:20, UTC
Verge (XVG) Has Undergone One Of The Deepest Reorganizations Of The Leading Blockchain To Date
By Anna Martynova

Verge (XVG) underwent a major block reorganization that interfered with its operations. The problem was first noticed by members of Coin Metrics. Coin Metrics researcher Antoine Le Calvez was one of the first to notice the reorganization, noting that at least 560 blocks were involved. Analyst Lucas Nuzzi noted that this led to the disappearance of 200 days of Verge transactions. He added that this is probably the deepest reorganization in the top 100 blockchains to date.

Whether the problem will be long-term remains a matter of debate. Researcher Hasu at Uncommon Core says the problem is not as serious as it seems. Operators of the Verge node can simply reject the attacker's chain and restore the previous one, he said.

Nic Carter, another Coin Metrics analyst, said the decision is unlikely. He believes that while the community can manually reset the blockchain, Verge is actually not operational. He drew attention to the low price hike of XVG since 2017, implying that there was no point in solving this problem.

Image: CoinNewsSpan



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