Seychelles – In a managed surroundings, the L1 protocol Qubic has efficiently achieved a hashrate of over 51% to dominate Monero, a privacy-centric cryptocurrency recognized for its random algorithms of ASIC resistance.

The demonstration, led by Qubic founder Come-from-Past (CFB), leverages Qubic’s helpful work demonstration (UPOW) framework, demonstrating the arrival of a brand new period with verifiable, distributed calculations, leveraging Monero’s international hashrate.

Past (@c___f___b) come-from-beyond (
Query: Why do you suppose the $XMR worth will not fall after a 51% assault?
Reply: #monero is exclusive, so those that worth anonymity haven’t any various to migrating.

The demo is run dwell and independently validated, with efficiency metrics displaying calculations for Qubic above the common community hashrate in Monero over the sustained window.

This time, the strategy was “egocentric mining,” a tactic that allowed mining swimming pools with a low hashrate of 33-40% to achieve an unbalanced share of block rewards.

As a substitute of partaking in a direct hashrate conflict, Qubic withheld the newly found blocks from the general public. When the remainder of the community was nonetheless making an attempt to resolve the earlier block, Qubic was already engaged on the following block. By revealing a sequence of blocks that had been withheld at strategic moments, they remoted blocks discovered by different miners, basically making their work unworthy.

Hours after this new technique, orphaned blocks started to appear on the Monero Community. Orphan blocks are efficient blocks that aren’t a part of the primary lengthy chain. When the miners resolve and broadcast the block, the opposite miners settle for it and start work on the following block. If one other miner resolves a block at about the identical time, two competing chains are shaped. The community finally accepts lengthy chains, and brief chain blocks change into “orphans.”

With Qubic’s strategy, AI computational duties flip into rewarded and validated globally distributed workloads by new consensus mechanisms based mostly on utility, reasonably than any cryptographic puzzle.

Why is that this necessary?

This historic occasion is a deep wake-up name for the crypto business as a complete, and a radically difficult long-standing assumption about blockchain safety.

The profitable acquisition demonstration with a small variety of $300 million market capitalization protocols over $6 billion privateness giants proves that market measurement alone doesn’t assure safety. Folks have to be cautious as a result of this isn’t a malicious assault, however a strategic check of the speculation that not solely technical ability however financial incentives are the last word energy arbitrators within the proof system of labor.

This experiment supplies a brand new blueprint for a way protocols work together, displaying that computing energy could be reused for helpful duties, and forces the business to reevaluate what actually ensures distributed networks 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 and has been verified by Certik because the quickest blockchain on this planet. Designed for real-time distributed calculations, Qubic options helpful work proof and tick-based consensus mechanisms, permitting zero cooking transactions, immediate finality, and unparalleled throughput. Qubic unlocks scalable infrastructure for the following wave of innovation throughout AI, Depin, Defi, and Agi-Degree functions.

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