🔥 Cardano’s Founder Hails ‘Midnight’ Network Strength After Monero’s 51% Attack 🔥
$BTC ADA 0.8656 (+7.43%)
Charles Hoskinson, founder of Cardano, stressed the need for stronger blockchain defenses following a major 51% attack on the Monero (XMR) network.
He praised the Minotaur protocol powering Cardano’s Midnight network — a multi-resource consensus system that blends Proof of Work (PoW) and Proof of Stake (PoS). This hybrid model makes it far harder for any single entity to seize control of the network. 🛡️
Why it matters:
Stronger Security: Multiple consensus resources prevent one-sided attacks.
Resilience: Attackers can’t compromise the network through a single method.
Meanwhile, Monero’s attack sent its price tumbling over 5% in a day, sparking fears of blockchain reorganization and potential double spending.
