Post by: newshunter on February 17, 2021, 01:00:46 AM
Verge has been hit by a huge blockchain reorganization, resulting in more than six months worth of transactions and balances vanishing. However, devs claim it can be fixed.
Source: Verge of disaster: 200 days transactions wiped from blockchain (https://cointelegraph.com/news/verge-of-disaster-200-days-transactions-wiped-from-blockchain)
Would appreciate your opinion about this
Post by: Mexite on February 18, 2021, 12:02:10 AM
A news like this will definitely cast aspersions on the blockchain industry generally because it's not supposed to happen in the first place unless the network is not as decentralized as posited in the first place, and the block are not ordered as a long chain.
Post by: TomPluz on February 19, 2021, 02:24:53 PM
This does not sound good for blockchain,being touted as immutable. Does it mean Verge blockchain isn't immutable? That's surprising to hear.
A news like this will definitely cast aspersions on the blockchain industry generally because it's not supposed to happen in the first place unless the network is not as decentralized as posited in the first place, and the block are not ordered as a long chain.
There is a big problem with Verge and though devs will certainly not admit it so as not to fuel dumping of its coin we know what is the truth. Of course, they can fix this problem later, but this thing will neveer inspire more trust and confidence with the network. While many of Verge's competitors are enjoying their glory right now in the bull run, this is embroiled in a big problem.
Post by: trendcoin on February 19, 2021, 02:50:03 PM