The cryptocurrency Monero (XMR) faced serious issues due to attempts of a 51% attack from the Qubic network. In the past 24 hours, 60 blocks were discarded due to this threat.
Problems in Monero Blockchain
Over the last day, Monero lost 60 orphaned blocks, which occurred in the context of an economic attack initiated by the Qubic network. These orphaned blocks are valid blocks excluded from the main chain due to a competing block at the same height.
Qubic's Attack and Its Implications
The Qubic network employs a method of selfish mining, redirecting computing power to mine Monero and profiting to buy and burn Qubic tokens. Qubic founder Sergey Ivancheglo claimed their mining pool managed to achieve 51% of Monero's network power. Experts suggest that this scenario could lead to transaction manipulation.
Doubts Surrounding the Success of the Attack
However, opinions on whether the 51% attack was indeed successful are divided. Experts point out that the presence of orphaned blocks may result from high computational power, but this does not necessarily indicate successful network control. Expert Luke Parker noted that the network's misbehavior does not always imply the successful execution of an attack.
The situation regarding the attack on Monero continues to evolve, with the community monitoring changes within the network. The impact of Qubic remains a topic of discussion among specialists and crypto enthusiasts.
