Qubic Takes Control of Monero Network: Planned Experiment Sparks Community Concern

Blockchain project Qubic has taken control of the majority of Monero’s (XMR) network hashing power, reaching 51% control. The move is described as a planned experiment, raising alarm among the Monero community regarding potential transaction manipulation and censorship. Despite concerns, Qubic claims this was not an attack but a controlled test to explore network functionality and security improvements. While details remain undisclosed, the incident highlights the delicate balance between blockchain innovation and network security.