Monero Rises Over 7% Despite Suffering 18-Block Reorg

Monero’s privacy token rose more than 7% despite its blockchain suffering an 18-block reorg that reversed around 117 transactions and triggered community concerns over the Monero ecosystem’s future. The security breach was committed by the team behind Qubic, a layer 1 AI-focused blockchain and mining pool that amassed 51% hashrate on Monero and committed a…

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Monero Community Suggests Updating Consensus to Thwart 51% Attacks

The Monero community is exploring a potential overhaul of its proof-of-work (PoW) consensus mechanism to make the network resistant to 51% attacks. Community members suggested several proposals, including localizing mining hardware, switching to a merge mining algorithm,  allowing XMR to be mined alongside Bitcoin (BTC) or other major cryptocurrencies, and adopting Dash’s ChainLocks solution. Dash’s…

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