Seychelles — 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 fee, 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 received’t decline after 51% assault?
Reply: As a result of #Monero is exclusive, these valuing anonymity haven’t any different emigrate to.
The demo was carried out reside and is being independently verified, with efficiency metrics exhibiting Qubic’s compute outpacing Monero’s common community hash fee over a sustained window. This time, the method was “Egocentric Mining,” a tactic that permits a mining pool with important hashrate, as little as 33-40%, to achieve a disproportionate share of the block rewards.
As a substitute of partaking in a direct hashrate warfare, 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 might orphan the blocks discovered by different miners, basically 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 sound block that isn’t a part of the primary, 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 almost the identical time, two competing chains can kind. The community finally accepts the longer chain, and any blocks on the shorter chain turn out to be “orphaned.”
Qubic’s method turns AI compute duties into globally distributed workloads which might be rewarded and validated through a novel consensus mechanism based mostly on usefulness, slightly than arbitrary cryptographic puzzles.
Why This Is Essential
This historic occasion is a profound wake-up name for the complete crypto trade, essentially difficult long-held assumptions about blockchain safety.
The profitable takeover demonstration by a smaller, $300 million market cap protocol over a $6 billion privateness large proves that market dimension alone doesn’t assure safety. Folks 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 last word arbiter of energy in any Proof of Work system.
The experiment offers a brand new blueprint for a way protocols can work together, exhibiting that compute energy may be repurposed for helpful duties, and it forces the complete 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 as the Fastest Blockchain in 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.
Wish to study extra about Qubic? Begin here.
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