Qubic’s Selfish Mining Claims Raise Concerns Over Monero’s Network Stability Amid Ongoing Attack
Main Idea
Monero's network stability is under threat due to a 51% attack by Qubic, which has led to 60 orphaned blocks in 24 hours and raised concerns about transaction manipulation and network integrity.
Key Points
1. Monero experienced 60 orphaned blocks in 24 hours due to Qubic's selfish mining tactics, leading to network disruption.
2. Qubic's attack involves redirecting computing power to mine Monero (XMR) and selling proceeds to buy and burn QUBIC tokens, incentivizing selfish mining.
3. Qubic founder Sergey Ivancheglo claimed the network achieved 51% control over Monero, though some experts dispute the success of the attack.
4. The attack has caused Monero's price to drop over 8.6% in 24 hours, reflecting market concerns.
5. Legal experts suggest Qubic's actions could be classified as 'computer sabotage' or 'unauthorized access' under Belarusian and EU laws, though no statutes explicitly address 51% attacks.
Description
Monero has experienced a significant disruption with 60 blocks discarded in 24 hours due to a 51% attack by Qubic, raising concerns about network security. 60 blocks discarded: Monero faced
Latest News
- FUZZY PANDA SHORT RCAT2025-08-15 14:32:02
- OPENDOOR ANNOUNCES CEO SEARCH2025-08-15 13:03:49
- $USELESS listed on Binance futures2025-08-15 10:49:47
- BERKSHIRE HATHAWAY ADDS UNH, NUE, LEN, DHI, LAMR IN 2Q: 13F2025-08-14 20:18:07
- Lido Co-founder: Plans to use stETH to repurchase LDO mechanism, final repurchase plan to be determined by the end of the year2025-08-14 15:12:41