Qubic Responds to Monero's 51% Attack: The Experiment is Proceeding as Planned and Everything Will be Revealed in Due Course

On August 12, 【Block Rhythm】 Qubic tweeted in response to the 51% attack on Monero (XMR), stating, "The Monero (XMR) experiment is proceeding smoothly as planned, and everything will be revealed at the appropriate time."

According to previous reports, IOTA co-founder Sergey Ivancheglo's project Qubic quickly amassed a large amount of Monero (XMR) hash power through the "useful Proof of Work (uPoW)" mechanism. On August 12, Qubic briefly controlled 52.72% of the Monero network's hash rate (approximately 3.01 GH/s). Once it exceeds 51%, Qubic can reject blocks from other mining pools, leading to chain reorganization, double spending, or transaction censorship. The Monero community has launched resistance and defensive actions, while Qubic claims this move is a technical demonstration, not a malicious attack.