๐จ๐ฃ Qubic Seizes 51% of Moneroโs Hashrate โ 51% Attack Fears! ๐โก
Crypto is โก shaken โก as Qubic, led by IOTA co-founder Sergey Ivancheglo, claims ๐ฅ 51%+ control of Moneroโs mining power โ enough to potentially rewrite blockchain history.
Why It Matters: In PoW networks like Monero โ, majority control means the power to:
๐ Reverse transactions | ๐ธ Double-spend XMR | ๐ซ Censor transfers
Qubic used uPoW (Useful Proof-of-Work) โ mining $XMR โ ๐ต $USDT โ ๐ฅ burn QUBIC tokens โ boost mining power.
Concerns:
๐ XMR down 6โ9% on fear
๐ก Decentralization trust at risk
๐ Possible regulatory attention
Impact Forecast:
๐๐ Price volatility | ๐ Potential mining algo update | ๐ฎ Debate on PoW security
๐ก Takeaway: One entity holding 51% = keys ๐ to the vault. Even without an attack, trust is on the line.