Monero 51% Attack: Why AI Protocol Qubic Says It’ll ‘Help’ the Privacy Chain

A. Protocol Qubic said he had taken control of Monero After a 51% attack on the Peak’s Pool, potentially to manipulate transactions of transactions and other information – security experts have the success of event.

The group said his “experiment” has made success and has done to “help the network protect against escaping attacks.

“Qubic has reached 51% of the Monero’s Hashrate effective the network check”, the company said in a X post that referred to an enterprise blog entry. “Qubic chose to launch the recovery, showing a powerful theory from the action. But this story isn’t over. What is next to Qubic and the future of [proof-of-work] Chains the chains? ‘

A 5% attack when a single entity or group of the minors avail a Hash or Power of the Power’s Power and Manufacture the Has The prominent chains of work work includes Bitcoin and it DOCHELINEven Monero.

The attack reintruding Longwanding Fears about a Blockchainan Vulnerability allowing attackers to take control of his benefit, or both. In a two-year period starting 2018, Ethereum Classic, Trange, and Gold Bitcoin all of the attacks.

Que It’s a job test blockchain that uses the computational power of the mechanism of the mechanism of the mechanism of his consent its pattern ai. The one’s Qubico token It was 25% on the last 24 hours to reach a $ 342 million market cap on Cryptecko data provider. The xmr of mono Down 6% by Mondaysame time, and has a $ 4.75 market leader of $ 4.75.

However, some experts, as amlbot and horizen labs, say no insufficient evidence that attack has success. The lack of firms highlighted the lack of “large scale scale” by the attack has success, even the attack is “Expired” Horizen’s has reported a lack of independent verification.

“QBIC has claimed Carefully solved the major helt, and some trackers show elevated or short reorgration “, james shuman, head of security in Habszizhe said Decrypt. I am “But there is no independent confirmation of a successful attack or any double check at this time.”

Shuman said that QBIC has selected data from “a self-choice window” of four hours that has not confirmed a 51% attack or indicate the “network contest.

But the pseudun Retrodive By qubic said Decrypt That test was “the chain and easy to verify:” Nout that in a window will need 122 blocks, had minced 63 blocks. “So we have exceeded KPI we put us (51% blocks).”

Retrodrive said that will make a report on the “available” event.

Other Blockchain Security Experts said the data has also seen the attack has been successful.

“My data shows that the Mongo experienced reogs (up to 6 bocks,” nikita zhavoronkov, blockchain and the blockchair blockchair, blockchair, written. “Defining this as a 51% attack (low impact). I warned the monero community several times on the lower off. Bitcoin is next!”

Qubic and his head Eugene Ivanchenkomore commonly known as Come from-beyond, he said that attack has been made for “Help Monero to take advantage of their future fighters against the” 5-letter government agencies. Retrodive he said that “qubic doesn’t want to hurt the monero.”

Because monero is a privacy-centric blockchain, has a reputation of being used by malicious actors in encryption to hide their tracks. As such, he is believed that governments may wish to attack him in the future.

But holding the control of a decentralized protocol can be very expensive, because of computation questions to hold a majority of the hash rate.

A representative of the Amlbot The investigation team said Decrypt that “the maintenance cost of the blockchain” has been “extremely high”, with ledger CTO Charles Guillemet stimating the cost to $ 75 million a day.

“While potential, threatened to destroy the confidence in the network almost notice without intention there is only the only blocks.” Become a single minter. ‘

In a it posts the blog, Qubic said that his “final purpose” was for monero security to be provided by their miners. I am

“Once Qubic fully ensure Monero chain, profitable will also become larger for Qubic’s minors, as a non-queen minors will receive more rewards.” Retrodrive said.

Shuman noted that the event raises concerns about system susceptibility.

“I don’t fear qubic, fears economy,” he said. “When a well-made actor, may centralize proof the way off-chain tailing to be a bake-up call to have fun the norm.”

In a blog post, qubic trumps its success, saying that the event had “Write the rules of the blockchain, “and that” “a $ 300 million protocol has the protocol of their dominance on a $ 3 Billion Privacy Market.”

“The implications of this event resonved throughout the crypto industry,” has added.