Monero (XMR Crypto) has moved this week to calm fears of a 51 % possible attack linked to QBIC mining swimming. Whether QBIC already controls the majority 
Xmr 0.50 % The fragility is still not proven, but the claim alone was sufficient to ventilate the community.
“Qubic showed what is only possible,” said Joel Valentuela, a member of the basic Dash Da Duo. “Better and more specific actors can cause more chaos. It’s a moment” development or dies. “
The frightening briefly reduced the price of XMR to $ 233 on August 16 before more than $ 250 rose alongside the wider encryption market. Do you should be worried?
What is the upgrade of Monero Proofs Complete Presterns (FCMP)?
Monero has confirmed that the upgrading of the full membership (FCMP) is moving quickly, with the expectation of the launch of Testnet soon. FCMP is seen as a direct response to the 51 % attack concerns and a jump forward for the Monero privacy model.
The upgrade is two critical progress:
- Zero knowledge of proofs To check the transactions without detecting the amounts or identities.
- Performance gainsCut the encryption times for multi -inpue transactions from 5+ minutes to about one minute.
QBIC has sparked a discussion about Monero’s dependence on work proof (POW).
Successful family currencies guarantee their security by preventing their mining. Bitcoin is the SHA-256, and Ethereum is the GPU. The crazy fees were mainly the condition that the Ethereum was preserved as the initial GPU with a high security budget.
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Monero, on the other hand, got the status of the CPU but was not greedy enough to exploit it. The retail rate was much higher if greed with mining workers’ rewards. There will be more serious miners, and Qubic will be unable to do what he does to this extent. Instead of Bakell Cardiac Economics, Monero should have gone with a better Swiss bank account.
Some developers and members of society are now pushing for a mixed model, and they confuse prisoners with other mechanisms.
Luke Parker, Monero developer, suggested exploring the hybrid approach.
However, Devs, such as Valenzuela, contradict: “Society 50/50 may be divided into this issue.”
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Is the hybrid consensus model the future of XMR Crypto? Data collapse: 51 % attack economics
Understanding the cause of the QBIC event warning helps examine numbers.
Proof of work comes with a built -in danger. Everyone who picks up 51 % of retail acquires the ability to rewrite the series and create double spending at the will.
Monero tried to protect from central mining by turning into a random algorithm suitable for the central processing unit, and Acex cut off the image. But this step has its negative aspect: it makes it easy for the attacker to rent a huge computing power or young kidnapping, which is much less feasible in the ASIC scene in Bitcoin.
The controversy over the hybrid consensus reveals a greater conflict. Monero must decide whether to adhere to the purity of proof of work or the adoption of new structures to better withstand emerging risks.
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MONERO developer moved this week to calming fears of a 51 % possible attack linked to QBIC mining swimming.
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Some developers and members of society are now pushing for a mixed model, and they confuse prisoners with other mechanisms.
The post appeared within the Monero FCMP upgrade plan to recover from the 51 % attack for the first time on 99bitcoins.