Ethereum Sinks 10% on 7-Block Reorg -- Here's What to Know @themotleyfool #stocks $ETH - Aliens: AI Crypto News & Markets Updates
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Ethereum Sinks 10% on 7-Block Reorg -- Here's What to Know @themotleyfool #stocks $ETH

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The Motley Fool

Thu, May 26, 2022

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Aliens TLDR

Ahead of the upcoming "merge" that will combine the Ethereum ( ETH -3.73%) proof-of-stake Beacon Chain with its existing network, anticipated for August , investors have yet another headwind to grapple with today.

Ethereum's Beacon Chain effectively forked, providing investors with concerns that this from was the result of a malicious actor, network failure, or bug.

A reorg takes place when miners attempt to add blocks of transactions simultaneously on the blockchain.

This can duplicate the blockchain, creating a fork, which can result in blocks of transactions being lost or duplicated.

Typically, one or two block reorgs can take place due to network latency.

Today, investors appear to be concerned that this seven-block reorg may be emblematic of more issues under the surface.

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