Monero network is in crisis. The mining pool Qubic now controls the majority of its hash rate, enabling a large-scale blockchain reorganization. The alarm was raised by @evilcos, founder of SlowMist. He warned that Qubic’s dominance allows it to rewrite the blockchain’s history, launch double-spend attacks, and censor transactions. Ledger’s CTO estimates maintaining such control costs around $75 million per day. For context, that’s more than the GDP of some small nations, burned daily just to keep the grip on Monero’s blocks. Experts say this level of dominance is a direct, existential threat to the network’s security. What Happened With
The post Attack on Monero: Qubic Seizes Control of the Network, All You Need To Know appeared first on The Merkle News.
