🚀 Dogecoin Targeted for Potential 51% Attack Following Monero Incident
#Dogecoin #Monero #51percentattack #Qubic #uPoW #UsefulProofOfWork #BlockReorganization #OrphanBlocks #DOGE
According to BlockBeats, Qubic, the entity behind the recent 51% attack on Monero, has announced that the story is far from over. Following a community vote this week, Dogecoin, with a market capitalization exceeding $35 billion, has been identified as the next potential target for an attack.
On August 12, Qubic executed a 51% attack on Monero, leveraging economic incentives to achieve this feat. The attack involved utilizing the "Useful Proof of Work (uPoW)" mechanism to rapidly accumulate significant Monero (XMR) computing power. This allowed Qubic to temporarily control 52.72% of the Monero network's hash rate, resulting in the reorganization of six blocks and the creation of 60 orphan blocks. Preliminary reports indicate that within two hours, Qubic mined 80% of Monero's total blocks.
The incident has raised concerns within the cryptocurrency community, as it demonstrates the vulnerabilities of blockchain networks to such attacks. The detailed report of the Monero attack can be found in the article titled "$75 Million Attack on a $5 Billion Giant: What Are They Really After?"#Dogecoin #Monero #51percentattack #Qubic #uPoW #UsefulProofOfWork #BlockReorganization #OrphanBlocks #DOGE
🚀 Monero Faces Block Reorganization Amid Security Concerns
#Monero #XMR #blockreorganization #doublespending #security #blockchain #attacks #SlowMist
According to BlockBeats, Monero (XMR) has experienced another attack, resulting in the reorganization of 18 blocks. Users accepting XMR payments are advised to wait for more than the usual 10 confirmations to ensure transaction security.
Security expert SlowMist Yu Xin expressed concerns, stating that if the Monero community does not address the issue of block reorganization seriously, the network could remain under threat. Despite the hash rate not exceeding 51%, there is still a risk of double-spending.#Monero #XMR #blockreorganization #doublespending #security #blockchain #attacks #SlowMist
🚀 Starknet Releases Analysis on Recent Mainnet Outage
#Starknet #Ethereum #Layer2 #MainnetOutage #StateInconsistency #ExecutionLayer #ProofLayer #CrossFunctionCalls #Rollbacks #TransactionErrors #L1Finality #BlockReorganization #OnChainActivity #Downtime #Blockchain #Crypto #STRK
According to BlockBeats, Ethereum Layer 2 network Starknet has released an analysis report regarding the brief mainnet outage that occurred on January 11. The report identifies the cause of the incident as a state inconsistency between the execution layer (blockifier) and the proof layer. This inconsistency arose from a specific combination of cross-function calls and rollbacks, leading the execution layer to incorrectly record a rolled-back state, resulting in transaction execution errors. The affected transactions did not receive L1 finality confirmation.
The incident triggered a block reorganization, causing approximately 18 minutes of on-chain activity to be rolled back. This marks the second major disruption since 2025, with a previous outage in September caused by a sequencer vulnerability that led to over five hours of downtime and a rollback of about one hour of on-chain activity.#Starknet #Ethereum #Layer2 #MainnetOutage #StateInconsistency #ExecutionLayer #ProofLayer #CrossFunctionCalls #Rollbacks #TransactionErrors #L1Finality #BlockReorganization #OnChainActivity #Downtime #Blockchain #Crypto #STRK