Difficulties in transfering X12Coin
Dear X12Coin user,
The recent, sudden and forceful activity shifts in X12Coin mining, sharp spikes (rapid and large increases) followed by sudden plunges (sharp decrease) of the hashrate (the measure of mining power), affect coin transfer time.
During such a network-attack, and until mining activity reaches normal levels, the blockchain is not able to process transfers, or can only do so at a slow rate. Once mining activity strengthens to sustained levels, transfer time normalizes again.
This means you may have to re-conduct your transfer. In case the transfer has failed, your coins automatically return to your wallet, Should your transfer be “Pending” (between your sender wallet and receiver wallet), your coins will be released to your receiver wallet once mining activity normalizes.
Network-attacks are not uncommon events and occur in established coins as well, sush as in bitcoincash. However, any transfer dysfunction, or delay is extremely frustrating to all users affected, and all exchanges on which X12Coin is listed, who are not at fault.
X12Coin experienced extreme continuous solid growth in mining activity as more and more mining pools and private enthusiastic miners have started mining the coin. The hash rate peaked at levels typical or globally established coins making mining an extremely competitive activity taking on an important role.
For more information on this topic see these links:
Definition of “51% Attack”
Bitcoin vs. Bitcoin Cash and the ongoing network attack vulnerability