Ravencoin Price Drops 19 Percent After Network Split

Ravencoin is facing a major technical hurdle after a flaw in its KAWPOW consensus mechanism caused the blockchain to split. This disruption has led to a three day reorganization of the network, which effectively rolls back transactions to settle the chain conflict.

Investors reacted quickly to the news, sending the price of RVN down 19 percent in a matter of hours. The uncertainty surrounding the stability of the network has led several major exchanges to pause all deposits and withdrawals for the token until developers can confirm the chain is secure.

This event serves as a sharp reminder of the technical risks present in smaller proof of work projects. Traders should keep a close watch on official developer updates and exchange announcements before attempting any further transactions with the coin.