AI crypto project claims it executed 51% attack against Monero
Prominent privacy-focused blockchain Monero is reportedly undergoing a 51% attack from Qubic, a cryptocurrency project founded by Sergey Ivancheglo, the creator of NXT and co-founder of IOTA.
A 51% attack occurs where someone controls more than half of the consensus power on a blockchain. which could allow them to rewrite its history, censor transactions, and double-spend cryptocurrency.
Prominent privacy-focused blockchain Monero is reportedly undergoing a 51% attack from Qubic, a cryptocurrency project founded by Sergey Ivancheglo, the creator of NXT and co-founder of IOTA.
A 51% attack occurs where someone controls more than half of the consensus power on a blockchain. which could allow them to rewrite its history, censor transactions, and double-spend cryptocurrency.