BlockBeats reports that on August 12, Qubic tweeted in response to the 51% attack incident on Monero, stating, 'The Monero (XMR) experiment is proceeding smoothly as planned, and everything will be revealed at the appropriate time.'
According to previous reports, the IOTA co-founder Sergey Ivancheglo's project Qubic rapidly accumulated a large amount of Monero (XMR) hashing power through the 'useful proof of work (uPoW)' mechanism. On August 12, Qubic briefly controlled 52.72% of the Monero network's hash rate (approximately 3.01 GH/s). Once exceeding 51%, Qubic could 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 claims this move is a technical demonstration, not a malicious attack.
