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    1. coinfeeds-bot on

      tldr; Monero is facing an economic attack by Qubic, a mining pool led by Iota co-founder Sergey Ivancheglo. Qubic incentivizes Monero miners to join its pool by offering higher rewards in its own token, QUBIC, instead of XMR. The mined XMR is sold to buy back QUBIC, boosting its price and attracting miners. This strategy threatens Monero’s network security by centralizing its hashrate. The situation highlights the importance of incentives in blockchain security and the vulnerability of networks to economic manipulation.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. proof-of-work is secure… until someone economically outbids you with unicorn promises and a faucet token

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