Qubic: Has Surpassed 51% of Monero’s Hashrate but Chooses Not to Take Over the Monero Network
According to Jinse Finance, Qubic announced that it has achieved over 51% of Monero's hash power, effectively gaining control of the network, but has chosen not to take over the Monero network, thereby demonstrating the strength of this theory through concrete action. Previously, Qubic responded on Twitter to the 51% attack incident on Monero, stating that the Monero (XMR) experiment is proceeding as planned and everything will be revealed at the appropriate time. SlowMist founder Cosine commented that the 51% attack on Monero appears to have succeeded, and the Qubic mining pool can now theoretically rewrite the blockchain, enable double-spending, and censor any transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Fear and Greed Index Hits 8-Month Low in Late November
Google is promoting TPU to major clients including Meta Platforms
Michael Saylor releases Bitcoin Tracker information again, possibly hinting at another BTC purchase

