Qubic says it has achieved hashrate dominance over Monero, sparking concerns over the future of the network's decentralization.
Discussion
✍️ Monero, a privacy-focused cryptocurrency, is facing a serious security challenge as Qubic, a project led by IOTA co-founder Sergey Ivancheglo, controls over 51% of the network's hashrate, allowing it to rewrite transaction history, block transactions, or carry out double-spend attacks.
👉 Qubic controls over 51% of Monero's hashrate
👉 This allows Qubic to rewrite transaction history, block transactions, or carry out double-spend attacks
👉 Monero's decentralization is being questioned
👉 Qubic's takeover is not just about controlling the network, but also about testing economic incentives and coordinated mining strategy
#SergeyIvancheglo #technology
