Mining pools that control the majority of Ravencoin’s hash rate are reportedly constructing a competing blockchain, a development that could lead to a three-day chain reorganization. This move has coincided with Ravencoin’s price dropping to an all-time low, according to CoinTelegraph.
The proposed reorganization, which could span three days, raises concerns about network stability and security, as such a significant fork may disrupt normal operations and investor confidence. Details remain limited, but the situation highlights the influence mining pools hold over blockchain consensus mechanisms.
For Japanese investors closely monitoring crypto network health, this event underscores the risks inherent in decentralized mining power concentration and its potential market impact, especially in volatile assets like Ravencoin.