Qubic Mining Pool Sparks Worries of Monero 51% Attack
Monero is facing potential threats from the Qubic mining pool, with reports of multiple orphaned blocks and blockchain reshuffling. Concerns about a possible 51% attack are rising, although current data suggests it hasn't fully materialized.
- Qubic may have gained significant control over the network's hashrate.
- The situation involves silent mining, block reorganizations, and empty blocks.
- Some sources claim a successful 51% attack has occurred, allowing Qubic to manipulate transaction confirmations.
- Potential consequences include rewriting blockchain history and blocking specific transactions.
- If confidence erodes, users might abandon the network.
- Market reaction has been limited, with Monero's price decreasing by 13%.
- Proposals for hard and soft forks to enhance security against attacks are being discussed by developers.
- Recent activity included five orphan blocks mined but not added to the main blockchain.
Ongoing developments and misinformation surrounding this issue continue to emerge.