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China Bitcoin Mining Reclaims 3rd Spot: New Concentration Risks Emerge

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BTC decentralization risk rises from Chinas mining centralization. Network security, crypto news updates. China's Bitcoin Mining Rebound: A New Era of Concentration Risks? 📌 Understanding China's Resurgence in Bitcoin Mining In a surprising turn of events, China has re-emerged as a significant player in the global Bitcoin mining landscape, despite the official ban imposed in 2021 . This resurgence, with an estimated 14% of the network's total computing power now located within China, marks a notable shift in the distribution of hashrate and introduces new considerations for investors and the broader crypto community. The 2021 crackdown was intended to eliminate Bitcoin mining within China, leading to a mass exodus of mining operations to countries with more favorable regulatory environments, such as the United States and Russia. However, recent reports ...

Cardano survives Poison Piggy attack: Network's ultimate stress test

Crypto market confidence boosted. ADAs successful chain recovery proves decentralized network resilience and scalability.
Crypto market confidence boosted. ADAs successful chain recovery proves decentralized network resilience and scalability.

Cardano's "Poison Piggy" Attack: A Stress Test the Network Survived

Cardano recently weathered a significant technical incident, a 14-hour chain split, which founder Charles Hoskinson has characterized as "serious, but not existential." This event, dubbed the "Poison Piggy" attack, served as an ultimate stress test for the network and its long-standing "no downtime" claim.

📌 Inside the Pig-Chain Meltdown: A Detailed Look

The incident, detailed in Pi Lanningham’s “Poison Piggy – After Action Report,” stemmed from a serialization bug in Cardano’s node implementation, leading to a unidirectional soft fork. The problem initially appeared on the preview testnet on November 20, 2025, with a malformed delegation certificate. Some nodes accepted this certificate, while others rejected it.

Older nodes correctly rejected the over-long hash, but newer nodes, due to a November 2024 code change, truncated it and treated it as valid. This discrepancy created two incompatible chain views, setting the stage for the mainnet incident.

The Mainnet Attack: RATSRATS and Forking

Despite the testnet findings, a near-identical malformed delegation was submitted to the mainnet, this time delegating to RATSRATS, effectively doubling the ticker of Hoskinson’s stake pool, RATS. This transaction split the Cardano mainnet into two forks: the "chicken chain" (stricter, older code) and the "pig chain" (permissive, accepting the malformed hash).

The network then faced a critical race: whether the poisoned transaction on the pig chain would become immutable before the chicken chain could overtake it. This scenario tested Cardano's core consensus mechanisms under duress.

Impact Analysis: Degradation, Not Disaster

⚖️ The impact was significant. Transaction inclusion slowed dramatically, with delays of up to approximately 400 seconds. Block times on the dominant chain stretched to around 16 minutes at their worst. The pig chain produced 846 blocks, while the chicken chain produced around 13,900 blocks. Approximately 3.3 percent (479 out of 14,383) of observed transactions were included only on the pig chain and never appeared on the final, canonical history.

Lanningham summarized the situation as a "serious degradation of service for users, but within expected bounds for a high-nines availability of service." Funds were potentially at risk, but the network ultimately recovered.

The Recovery: Decentralization in Action

⚖️ Cardano's recovery is being touted as evidence of its decentralization. A patched node was readily available due to the testnet incident. IOG, the Cardano Foundation, Emurgo, Intersect, exchanges, and many stake pool operators (SPOs) coordinated to upgrade to the fixed version and follow the more restrictive chicken chain. Crucially, there was no protocol-level rollback or centralized "restart."

As stake migrated, block production on the pig chain slowed, the chicken chain accelerated, and Ouroboros’ probabilistic finality properties ensured that the healthy fork overtook the poisoned one. Nodes on the pig chain automatically switched to the longer, denser chain.

According to Lanningham, "This is the concrete evidence of when the Nakamoto consensus worked as intended and converged the network to a single canonical history." Hoskinson added that this incident "could have killed other chains," highlighting Cardano’s resilience.

📌 Lessons Learned and Future Hardening

⚡ Despite the successful recovery, both Lanningham and Hoskinson acknowledged the downsides. The bug's existence pointed to a failure in testing rigor. The over-reliance on cardano-db-sync left the ecosystem vulnerable when that component crashed. Some SPOs upgraded "blind," trusting recommendations rather than reasoning independently about fork choice. Certain off-chain systems, especially exchanges and bridges, faced replay and double-spend risks.

The post-mortem serves as a roadmap for improvement, calling for:

  • Stronger fuzzing and spec-driven testing.
  • Richer node-to-client protocols for wallets and exchanges.
  • More diversity in monitoring stacks.
  • Better education for SPOs on how Ouroboros behaves under stress.

⚡ Hoskinson also suggested an AI "upgrade sentinel" for operators and revived calls for a built-in pub/sub channel for emergency alerts.

📌 Key Stakeholders’ Positions

The incident has spurred various reactions from key stakeholders, which are summarized below:

Stakeholder Position Impact on Investors
Charles Hoskinson (Cardano Founder) Views the incident as a successful test of Cardano's resilience and decentralization. 👥 Reassures investors about the network's robustness and ability to recover from attacks.
Pi Lanningham (IOG) Acknowledges the degradation of service but emphasizes the network's recovery and the importance of improved testing and monitoring. Highlights the need for vigilance and continuous improvement in Cardano's infrastructure.
Stake Pool Operators (SPOs) Some relied on recommendations from founding entities for upgrades, highlighting a need for better education on Ouroboros behavior. Emphasizes the importance of independent decision-making and understanding the underlying technology for SPOs.

📌 Future Outlook: A More Resilient Cardano?

⚡ The "Poison Piggy" incident has prompted a renewed focus on hardening Cardano's infrastructure. Increased testing rigor, improved monitoring, and better SPO education are expected to enhance the network's resilience against future attacks. The development of an AI "upgrade sentinel" could further automate and improve the response to potential vulnerabilities.

📌 🔑 Key Takeaways

  • The "Poison Piggy" attack was a significant stress test for Cardano, resulting in a 14-hour chain split. This tested the resilience of its network.
  • The network's recovery, without a centralized rollback, is being touted as evidence of Cardano's decentralization and the effectiveness of its Ouroboros consensus mechanism. This shows its commitment to security.
  • The incident highlighted vulnerabilities in testing rigor, monitoring infrastructure, and SPO education, prompting calls for improvements in these areas. This demonstrated a need for education for stake pool operators.
  • While the incident caused a "serious degradation of service," most funds were not at risk, and the network ultimately converged back to a single, canonical history. This proved its stability.
  • The focus is now on implementing lessons learned to enhance Cardano's resilience against future attacks, potentially including AI-driven upgrade sentinels. This shows potential growth.
🔮 Thoughts & Predictions

The successful navigation of the Poison Piggy attack, despite its severity, strengthens Cardano's long-term narrative, but it also reveals critical dependencies and vulnerabilities. Moving forward, the key will be how quickly and effectively the Cardano ecosystem implements the lessons learned and demonstrates tangible improvements in testing, monitoring, and SPO education. Failure to do so could undermine confidence gained from this recovery. Expect increased scrutiny of Cardano's network performance and security audits in the short term. The deployment of an AI upgrade sentinel, if implemented, could provide a significant boost to investor sentiment in the medium term, potentially attracting more institutional investment. Ultimately, the perceived robustness of the network will be a major factor determining ADA's price trajectory.

🎯 Investor Action Tips
  • Monitor Cardano's development activity and progress in implementing the proposed improvements to testing, monitoring, and SPO education.
  • Assess the adoption rate and effectiveness of the AI "upgrade sentinel" if and when it is deployed, as this could significantly impact network security.
  • Track SPO behavior and participation in network upgrades to gauge the level of decentralization and consensus within the Cardano ecosystem.
📘 Glossary for Investors

⛓️ Chain Split: A situation where a blockchain diverges into two or more separate chains, usually due to a disagreement on the validity of transactions or blocks.

🧭 Context of the Day
Cardano’s successful recovery from the “Poison Piggy” attack reinforces its long-term potential, provided the identified vulnerabilities are promptly addressed.
💬 Investment Wisdom
"It's not about being right, it's about being robust."
Nassim Nicholas Taleb

Crypto Market Pulse

November 25, 2025, 13:10 UTC

Total Market Cap
$3.09 T ▲ 1.97% (24h)
Bitcoin Dominance (BTC)
56.49%
Ethereum Dominance (ETH)
11.43%
Total 24h Volume
$160.62 B

Data from CoinGecko

📈 CARDANO Price Analysis
Date Price (USD) Change
11/19/2025 $0.4743 +0.00%
11/20/2025 $0.4624 -2.51%
11/21/2025 $0.4333 -8.64%
11/22/2025 $0.4093 -13.71%
11/23/2025 $0.4042 -14.77%
11/24/2025 $0.4088 -13.81%
11/25/2025 $0.4149 -12.52%

▲ This analysis shows CARDANO's price performance over time.

This post builds upon insights from the original news article, offering additional context and analysis. For more details, you can access the original article here.

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