Crypto currency investors focused on price, speculation and gains that he forgot what to focus on. Bitcoin $116,250.69 When it was born, it made safe operations possible with the Blockchain infrastructure. But nowadays, the attacks on Monero are the kind of worse consequences in the future, but they are not cared for.
Monero attack
Today Monero The problem of your network is Dogecoin in the future $0.241812, Ethereum
$4,287.68 Or a harbinger of problems that different networks can experience. Monero recently experienced the risk of withdrawing the largest network in the 12 -year history. 18 blocks on the network were rearranged and 118 transfers were invalid because the 36 -minute past was deleted.
XMR The decline in the price is the most insignificant thing in this event. This event, called Reorg, contradicts the philosophy of Blockchain and its purpose. This attack by Qubic in the 3,499,659 block on September 14-15 will not be the end.
Quubic’s marketing leader Retrodrive said;
“With the halves of awards and a significant downward price correction for Qubic, mining with CPUs continues to be more profitable than Monero.”
Qubic describes these attacks as White Hack and says they have intention to force them to solve problems rather than damaging the Monero network.
Qubic: Next is Bitcoin
This method, which is described as selfish mining, is that a miner is hiding the blocks found by a miner and then rewriting the final operations. The existing Pow rules give them this opportunity as it makes it possible to work cumulative without discrimination between the specifically stacked blocks.
Monero Since the longest valid chain in the Pow structure is seen as a real history, Qubic miners can sabotage the network when it reaches a sufficient majority. That was what we saw in the event where the 36 -minute past was erased. Since Qubic’s stored chain became longer than the public, the nodes were accepted as automatically valid past. This was automatically, because of the Pow rule mentioned above.
18 blocks and 118 transactions in it, ie the 36 -minute past, indicates that there may be much greater problems in the future.
Come-From-Beyond from Qubic went up to the top and said the following;
“Bitcoin Whales should stop blaming me. Otherwise, we can decide to make BTC mining after Quubic Quorum Dge, and we don’t know how it will affect the fortune of whales. ”
Open Bitcoin and other networks are threatened, when it will show what consequences it has.