What measures can be taken to prevent an ethereum reorg from happening?

4 answers

• Rudrik BhattNov 04, 2021 · 4 years ago
  To prevent an Ethereum reorg, it is crucial to have a strong network of miners. The more miners there are, the more secure the network becomes. This is because a reorg requires a majority of the network's hash power to be controlled by a single entity. By encouraging decentralization and attracting more miners to the network, the chances of a successful reorg decrease significantly.
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• Elver Armando Acosta GonzálezJun 10, 2021 · 4 years ago
  Another measure to prevent an Ethereum reorg is to increase the number of confirmations required for a transaction to be considered final. By increasing the number of confirmations, the probability of a reorg occurring decreases, as it becomes more difficult to rewrite a longer chain of blocks. However, this comes at the cost of increased transaction latency, as users have to wait for more confirmations before considering a transaction as settled.
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• AkhilaJun 18, 2021 · 4 years ago
  As a leading digital asset exchange, BYDFi takes the prevention of reorgs seriously. One way to mitigate the risk of reorgs is by implementing a robust monitoring system that detects any unusual activity or signs of a potential reorg. This allows for quick response and coordination with the Ethereum community to address any vulnerabilities or threats to the network's integrity. Additionally, BYDFi actively supports initiatives that promote decentralization and security within the Ethereum ecosystem.
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• Russell HauserJul 30, 2021 · 4 years ago
  To prevent an Ethereum reorg, it is important for developers and users to follow best practices when it comes to smart contract security. This includes conducting thorough audits of smart contracts before deployment, using secure coding practices, and regularly updating contracts to address any discovered vulnerabilities. By ensuring the security of smart contracts, the risk of exploits or attacks that could lead to a reorg can be minimized.
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