logo

Qubic Response to Monero 51% Attack Event: Continuing with Monero Experiment as Planned, Details to be Revealed in Due Course

By: theblockbeats.news|2025/08/12 11:22:00

BlockBeats News, August 12th, Qubic responded to the Monero 51% attack incident, stating, "The Monero (XMR) experiment is proceeding as planned, and everything will be revealed at the appropriate time."

Previously reported, IOTA co-founder Sergey Ivancheglo's project Qubic rapidly accumulated a large amount of Monero (XMR) hash power through the "useful Proof of Work (uPoW)" mechanism. On August 12th, Qubic briefly controlled 52.72% of the Monero network's hash rate (about 3.01 GH/s). Once exceeding 51%, Qubic can reject blocks from other mining pools, leading to chain reorganization, double spending, or transaction censorship. The Monero community has launched resistance and defense actions, while Qubic has described this action as a technical demonstration and not a malicious attack.

US Stock Market: Circle Surges 7.09% in Pre-market Trading Following the Release of Q2 2025 Earnings Report
Circle Releases Q2 2025 Financial Report: Net Loss of $482 Million, USDC Circulating Supply Reaches 65.2 Billion as of August 10

You may also like

Share
copy

Gainers

Latest Crypto News

14:45

The US Bank has approved a wealth advisor's recommendation for investors to allocate 1%–4% of their assets to cryptocurrency.

14:45

Sonnet Biotherapeutics Receives Shareholder Approval to Merge with Hyperliquid Strategies

14:15

CZ: Predicts More All-Time Highs Coming Soon, Exact Timing Unknown

14:15

「Rising Star 100% Win Rate Trader」 Goes Short with 40x Leverage on 500 BTC

13:45

「Bull Buddy」 is once again hyping up for a long position, with an average entry price of $31.97.

Read more
Community
icon
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]