Monero’s blockchain experienced a rare 18-block reorganisation on Sunday, reversing 117 transactions and raising concerns about the network’s resilience to double-spending attacks. While not officially confirmed, many in the community believe the reorg was caused by Qubic, an AI-focused blockchain and mining pool that has previously stated its intention toContinue Reading
The Layer-1 blockchain Qubic claims it successfully executed a 51% attack on Monero’s network, which resulted in a six-block reorganisation and replaced 60 previously confirmed blocks. Qubic’s attack was a “high-stakes technical confrontation” that involved incentivising Monero CPU mining through its own network to gain control of the majority hashrate.Continue Reading
Qubic uses Monero mining via uPoW to earn XMR and reinforce its own AI-secured blockchain. Mined Monero is converted into Tether, then used to buy and burn QUBIC tokens in a loop. Qubic’s mining power surged to 40% of Monero’s network before settling near 27% by late July. The MoneroContinue Reading