Qubic yan claim say monero 51% attack thru hashrate takeover

Qubic, wey dey led by IOTA co-founder Sergey Ivancheglo, talk say dem do 51% attack for Monero by increase dia hashrate from less than 2% for May reach 51% plus for August. Di project use CPU mining power redirect go Monero through some useful proof-of-work (uPoW) model, convert di mined XMR to USDT to burn QUBIC tokens plus reward dia own validators. For August 11, on-chain data show say blockchain reorganize six blocks, wey confirm say dem take over di hashrate but start argument among Monero developers whether dis one fit be call sustained 51% control. Di Monero 51% attack make XMR price drop over 5% to about $247, but QUBIC native token go up over 20%, show how traders dey sensitive to di network security risk. Analysts dey warn say mid-cap proof-of-work networks still dey vulnerable to economic-driven hashrate concentration. This thing show say PoW get weakness plus e stress say we need better decentralisation plus security measures for blockchain networks.