Monero blockchain experiences 18 block restructuring, XMR price still rises 7.4%

According to Cointelegraph, Monero's privacy coins rose by more than 7% after the blockchain has undergone 18 block restructuring. The restructuring reversed about 117 transactions, raising concerns among the community about the future of the Monero ecosystem. The security vulnerability was implemented by the Qubic team, a blockchain and mining pool focused on AI that had undergone 6 block restructuring last month. The reorganization begins at block 3499659 and ends at 3499676. Despite the restructuring, the XMR price rose from $287.54 to $308.55 in eight hours, an increase of 7.4%. This change has sparked discussions on how to deal with the future of privacy chains. Rucknium said Monero node operators may temporarily adopt DNS checkpoints as a solution to prevent restructuring, but this could affect decentralization. The Monero community has considered changing its proof of work mechanism to resist 51% attacks, but it has not been implemented effectively so far, and Qubic still has a significant impact on the network.