๐Ÿšจ๐Ÿ’ฃ Qubic Seizes 51% of Moneroโ€™s Hashrate โ€“ 51% Attack Fears! ๐Ÿ”โšก

Crypto is โšก shaken โšก as Qubic, led by IOTA co-founder Sergey Ivancheglo, claims ๐Ÿ’ฅ 51%+ control of Moneroโ€™s mining power โ€” enough to potentially rewrite blockchain history.

Why It Matters: In PoW networks like Monero โ›, majority control means the power to:

๐Ÿ›‘ Reverse transactions | ๐Ÿ’ธ Double-spend XMR | ๐Ÿšซ Censor transfers

Qubic used uPoW (Useful Proof-of-Work) โ€” mining $XMR โ†’ ๐Ÿ’ต $USDT โ†’ ๐Ÿ”ฅ burn QUBIC tokens โ†’ boost mining power.

Concerns:

๐Ÿ“‰ XMR down 6โ€“9% on fear

๐Ÿ›ก Decentralization trust at risk

๐Ÿ“œ Possible regulatory attention

Impact Forecast:

๐Ÿ“ˆ๐Ÿ“‰ Price volatility | ๐Ÿ”„ Potential mining algo update | ๐Ÿ”ฎ Debate on PoW security

๐Ÿ’ก Takeaway: One entity holding 51% = keys ๐Ÿ”‘ to the vault. Even without an attack, trust is on the line.