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Ravencoin.org - KAWPOW Block Explorer: https://ravencoin.network Github: https://github.com/RavenProject/Ravencoin Wallets: https://github.com/RavenProject/Ravencoin/releases Ravencoin Market Chat: @ravencoin_market

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Ravencoin

Let's assume 2miners has no malicious intent. However, we could still lose a lot in the event of a hack attack on 2miners. I hope that makes sense?

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Ravencoin

2miners isn't even a company; its country of origin is unknown. There are no details whatsoever.

The domain name has hidden its WHOIS information;
Registrant Contact / Name: Registration Private
It has hidden its name servers:
lloyd cloudflare / amanda cloudflare

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Ravencoin

However, Ravencoin can take measures against these issues with both the community and the core team. It should have taken all possible measures up to this point.

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Ravencoin

Actually, this problem doesn't just concern Ravencoin. 2miners has a monopoly on many GPU-mined coins, exceeding 51% hashrate in most of them. Have you ever checked?
One night, they could suddenly launch a 51% attack, wipe out hundreds of GPU coins, and disappear.

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Ravencoin

Until 2-3 years ago, I never had any complaints about Ravencoin. But if it's going to be left so unattended, and the boss is 2miners, what's the point of it being decentralized?

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Ravencoin

If a 51% attack occurs and the Ravencoin holders here suffer losses, will you cover everyone's losses?

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Ravencoin

The main difference is developer interest, not code quality

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Ravencoin

Saying Ravencoin this is misleading. Pool concentration is temporary, miners can switch anytime. Even BTC once had pools >40%. Ravencoin’s fair launch shows stronger decentralization than BTC early distribution

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Ravencoin

Ravencoin is at the mercy of 2miners.

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Ravencoin

Raven coin core files were last updated 3 years ago.

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Ravencoin

But currently the highest btc pool has a value of 26.4%.

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Ravencoin

Last chance to buy 🚀

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Ravencoin

The No.1 wallet belongs to the Upbit exchange.

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Ravencoin

2Miners: 51.9 % of Known Hashrate -> right now

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Ravencoin

2miners mine RVN, but you might receive a different payment when making a payment. Almost all of the miners' RVN coins are left in the hands of 2miners.

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Ravencoin

So, if they carried out a 51% attack in 60 seconds and then disappeared, there would be no trace left. Are you aware of this danger? As I said before, this doesn't only apply to Ravencoin. This situation applies to many GPU coins. 2miners continues to rapidly monopolize and gain 51% ownership.

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Ravencoin

Our market value is $187.42 million. How can we throw that away?

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Ravencoin

The problem isn't just Ravencoin.

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Ravencoin

Raven core has:
155 issues
27 pull requests

But no one is taking it seriously, no updates are being made. It's as if Ravencoin is completely dead.

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Ravencoin

Checkpoint file: Ravencoin/blob/master/src/checkpoints.cpp

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Ravencoin

The problem is precisely here: the code must definitely be updated to prevent a 51% attack. However, the last code update was 3 years ago. The last releases was 4 years ago. (Aug 19, 2022)


So what can we do?

In Ravencoin, the current hardcoded checkpoint system only protects the past and is weak against live 51% attacks. For stronger security, the following methods can be applied:

Dynamic or multi-signature checkpoint systems,

hCheckpoints (automatic + manual hybrid),

Community-based voting for checkpoint selection.

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Ravencoin

frequent updates don’t necessarily mean better. if the code is already stable and secure, there is no urgent need for constant changes.

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Ravencoin

Stop fooling people, buying ravencoin means throwing money away if the necessary updates and measures are not taken.

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Ravencoin

Btc takes all precautions with both community and core files.

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Ravencoin

Also btc core files are constantly updated and the last update on git was 2 days ago for btc.

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Ravencoin

Same BTC. From the very beginning, over 50% of BTC was controlled by major miners and a handful of exchanges, reflecting concentration of power rather than the expected decentralization.

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Ravencoin

The important thing here is to lose the 51% hashrate in the mining pool. Does decentralization make sense this way?

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Ravencoin

I think the name of this coin should be 2miners coin, not raven coin.

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Ravencoin

Do you have any explanation about this?

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Ravencoin

The richest Ravencoin wallet holds 6,796,129,127.89123 RVN coins. This is most likely 2miners. The game creator is also 2miners, the game spoiler. How right is it for a supposedly decentralized coin to be controlled by a single mining pool?

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