Sergey Ivancheglo, founder of the Qubic crypto protocol, hinted at the possibility of executing a 51% attack on Zcash, provoking resonance in the crypto community.
Likelihood of a 51% Attack on Zcash
According to Ivancheglo, Zcash founder Zooko Wilcox-O’Hearn is pro-government, and the network is not as privacy-oriented as claimed. He did not confirm that an attack would be carried out but raised the question for discussion among his followers.
Criticism of Ivancheglo's Proposal
Some users expressed concerns that publicly discussing such an attack could be viewed as market manipulation. One noted that such behavior could negatively affect the market, harming participant interests.
Zcash Market and Its Resilience
Despite discussions around the possibility of an attack, the ZEC token has grown 3.15% in the last 24 hours. This is likely because many do not expect Qubic to gain sufficient control over the Zcash network. However, any coordinated attack could impact its price, particularly if successful.
Sergey Ivancheglo's remarks about a potential 51% attack on Zcash have sparked mixed reactions within the crypto community. Given current metrics and expectations, the fallout from such an attack remains uncertain.
