Qubic Confirms Monero 51% Control as Experiment
Qubic says its 51% control of Monero’s hash rate is part of a planned experiment, with details still undisclosed.
- Qubic controls 51% of Monero hash rate.
- Move is part of a planned experiment.
- Full details remain under wraps.
Qubic Claims Monero 51% Control Is Intentional
Blockchain project Qubic has revealed that its recent 51% control of Monero’s (XMR) network hash rate is part of a “planned experiment.” The announcement comes after blockchain trackers noticed the sudden concentration of hashing power, sparking security concerns among the Monero community.
A 51% hash rate control means the entity has majority mining power, giving it potential influence over transaction confirmations. While often seen as a threat to decentralization, Qubic insists this was not an attack but a coordinated test.
Community Reaction and Concerns
Monero’s community, known for its strong privacy and decentralization principles, expressed immediate concern upon learning of the 51% threshold being breached. Many feared the possibility of double-spending attacks or transaction censorship.
Qubic’s statement, however, suggests the move is not hostile. The company has yet to disclose the experiment’s exact goals, leaving the crypto world speculating whether it relates to network stress-testing, security improvements, or protocol research.
Waiting for Full Disclosure
As of now, Qubic has not provided a detailed explanation, promising to share more information in the coming days. Until then, Monero supporters and miners remain on alert.
51% control events are rare in established networks like Monero, and while Qubic frames this as research, the incident highlights the delicate balance between blockchain innovation and security.
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