Protect The Freedom Money (Monero)
There’s been a lot of talk lately about Qubic, a mining pool that might be trying to pull off a 51% attack on Monero. If you’re not familiar, a 51% attack happens when one miner or mining pool gets control of more than half of the total network hashrate in a proof-of-work system, like Monero. That kind of control gives them a lot of power over the network.
They can’t create coins out of thin air or steal from other wallets, but even so, just having that much control is a major threat. It totally undermines the idea that Monero is decentralized and trustless.
What makes this worse is that Monero already tries to avoid this kind of centralization. It uses an algorithm called RandomX, which is designed to favor CPU mining over ASICs, making it easier for individuals to mine and harder for any one player to dominate. But now it looks like Qubic might be gaming the system, or maybe they’ve just built up a huge chunk of the network.
Even if Qubic hasn’t done anything malicious yet, just the fact that they could is enough to mess with the trust in the system. That’s a big deal for a privacy coin like Monero, where trustless operation is kind of the whole point.
