This is the danger facing Bitcoin in one or two decades.
https://www.theblock.co/post/366535/monero-faces-chain-reorganization-fears-after-qubic-says-it-controls-51-of-hashrateMonero faces chain reorganization fears after Qubic says it controls 51% of hashrateA long-running campaign to amass more than half of Monero’s hashrate appears to have succeeded, prompting concern among crypto observers about the privacy-focused blockchain.
Qubic founder Sergey Ivancheglo claimed his project’s mining pool has “achieved 51% over Monero”, a level that would theoretically let it reorganize blocks, censor transactions, or attempt double-spends on the privacy coin’s network. He added on X that Qubic’s push would ultimately help the community prepare for future threats.
The Block previously reported on Qubic’s months-long bid to concentrate Monero hashrate. Qubic uses a “useful proof-of-work” model that incentivizes CPU mining of Monero’s RandomX algorithm, then converts mined XMR to USDT to buy and burn QUBIC tokens, creating a deflationary loop for its own token economy.
