On August 12, Qubic tweeted in response to the 51% attack on Monero, saying that the Monero (XMR) experiment is going according to plan and everything will be revealed in due course.
Previously, it was reported that IOTA co-creation Sergey Ivancheglo's project Qubic quickly accumulated a large amount of Monero hash power through the useful proof of work (uPoW) mechanism. On August 12, Qubic briefly controlled 52.72% of the hash rate of the Monero network (about 3.01 GH/s). Once it exceeds 51%, Qubic can reject blocks from other mining pools, resulting in chain reorganization, double spending or transaction review. The Monero community has launched resistance and defensive actions. Qubic has called this a technical demonstration and a non-malicious attack.
Qubic responds to the 51% attack on Monero: The Monero experiment is progressing as planned, and details will be announced in due course
2025-08-12 10:49:46
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