13.08.2025 04:02

In a surprising turn of events reflecting the volatile nature of the cryptocurrency landscape, a prominent layer-1 blockchain protocol, Qubic, has publicly declared its acquisition of over 51% of Monero's network hashrate. This audacious maneuver, described by Qubic as both experimental and strategically driven, highlights the inherent vulnerabilities within Proof-of-Work (PoW) systems, similar to Bitcoin's architecture.

This alleged month-long power struggle underscores the escalating tensions and competitive dynamics within the cryptocurrency ecosystem. The successful takeover, if verified, represents a significant achievement in the ongoing battle for blockchain dominance. It also raises concerns about the security and stability of even established cryptocurrencies like Monero.

Qubic's claim of controlling a majority of Monero's mining power is a bold assertion, the ramifications of which are far-reaching. The implications for Monero's network security and the broader cryptocurrency market remain unclear, pending further investigation and independent verification of Qubic's assertions from internet sources. Experts are now scrutinizing the details, analyzing the potential impact on Monero's decentralized nature and the overall integrity of its blockchain.

The controversy sparks debate on the ethical and practical considerations surrounding such actions. While Qubic framed its actions as experimental, questions remain regarding the potential for malicious exploitation of this level of control. The situation serves as a potent reminder of the inherent risks involved in decentralized technologies and the ongoing need for robust security measures.