In a managed surroundings, L1 protocol Qubic has efficiently reached over 51% hashrate to dominate Monero, the privacy-focused cryptocurrency recognized for its ASIC-resistant RandomX algorithm.
Led by Qubic founder Come-from-Past (CFB), the demo harnessed Qubic’s Helpful Proof of Work (uPoW) framework to exceed Monero’s international hash charge, signaling the arrival of a brand new period in verifiable decentralized compute.
Come-from-Past (@c___f___b)
Query: Why do you assume $XMR value will not decline after 51% assault?
Reply: As a result of #Monero is exclusive, these valuing anonymity don’t have any different emigrate to.
The demo was carried out reside and is being independently verified, with efficiency metrics displaying Qubic’s compute outpacing Monero’s common community hash charge over a sustained window.
This time, the strategy was “Egocentric Mining,” a tactic that enables a mining pool with important hashrate, as little as 33-40%, to achieve a disproportionate share of the block rewards.
As an alternative of participating in a direct hashrate conflict, Qubic withheld newly discovered blocks from the general public. When the remainder of the community was nonetheless making an attempt to unravel the earlier block, Qubic was already engaged on the following one. By revealing their chain of withheld blocks at strategic moments, they’d orphan the blocks discovered by different miners, primarily making their work nugatory.
After a number of hours of this new technique, orphaned blocks started to appear on the Monero community. An orphaned block is a legitimate block that’s not a part of the principle, longest chain. When a miner solves a block and broadcasts it, different miners settle for it and start engaged on the following block. If a distinct miner solves a block at practically the identical time, two competing chains can kind. The community in the end accepts the longer chain, and any blocks on the shorter chain grow to be “orphaned.”
Qubic’s strategy turns AI compute duties into globally distributed workloads which can be rewarded and validated by way of a novel consensus mechanism based mostly on usefulness, relatively than arbitrary cryptographic puzzles.
Why This Is Necessary
This historic occasion is a profound wake-up name for all the crypto trade, basically difficult long-held assumptions about blockchain safety.
The profitable takeover demonstration by a smaller, $300 million market cap protocol over a $6 billion privateness big proves that market dimension alone doesn’t assure safety. Individuals ought to care as a result of this wasn’t a malicious assault however a strategic validation of the idea that financial incentives, not simply technical prowess, are the final word arbiter of energy in any Proof of Work system.
The experiment supplies a brand new blueprint for a way protocols can work together, displaying that compute energy will be repurposed for helpful duties, and it forces all the trade to re-evaluate what actually secures a decentralized community in a aggressive panorama pushed by profitability.
Chart of Monero community reorganization after Egocentric Mining:
About Qubic
Qubic is a high-performance Layer 1 blockchain, verified by CertiK because the Quickest Blockchain within the World. Designed for real-time decentralized compute, Qubic is powered by Helpful Proof of Work and a tick-based consensus mechanism, enabling zero-fee transactions, immediate finality, and unmatched throughput. Qubic unlocks scalable infrastructure for the following wave of innovation throughout AI, DePIN, DeFi, and AGI-level purposes.
Disclaimer:
The data supplied on this press launch just isn’t a solicitation for funding, neither is it meant as funding recommendation, monetary recommendation, or buying and selling recommendation. It’s strongly really helpful you observe due diligence, together with session with an expert monetary advisor, earlier than investing in or buying and selling cryptocurrency and securities.
