Summary
- The Monero (XMR) community has been reported to be discussing ways to revise the proof-of-work (PoW) consensus mechanism to defend against 51% attacks.
- It has been revealed that a Qubic mining pool recently succeeded in a 51% attack on Monero.
- Within the community, solutions such as mining hardware localization, switching to merged mining algorithms, and adopting the ChainLocks solution from Dash are being considered.
On the 20th (local time), the virtual asset (cryptocurrency) specialist media outlet Cointelegraph reported that the Monero (XMR) community is discussing measures to revise its proof-of-work (PoW) consensus mechanism to defend against 51% attacks. Recently, it was reported that a Qubic mining pool succeeded in carrying out a 51% attack against Monero.
Within the Monero community, ideas such as mining hardware localization, switching to merged mining algorithms, and introducing Dash's ChainLocks solution are being discussed.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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