🛡 The Monero community discusses changes to the consensus algorithm
Members of the Monero community are considering options for modernizing the Proof-of-Work algorithm to enhance the network's protection against 51% attacks, in response to statements from the Qubic project regarding control over the majority of hash rate.
Possible solutions include localizing mining equipment, transitioning to combined mining with other cryptocurrencies, and applying the ChainLocks mechanism from Dash.
This mechanism uses random masternodes to confirm the first valid block, preventing chain reorganization, even with a majority of computing power controlled by an attacker.
