The recent affirmation of a 51% attack on Monero by Pool Qubic Mining has raised concerns about network security. Although the claim of a sustained attack has been largely demystified, it highlights a vulnerability which can be exploited using common mining equipment.
The demand for an attack of 51% of Qubic on the debate on the security of Monero Sparks
The recent complaint of the Pool Mining Pool Qubic of a 51% attack on the confidentiality of Monero and the Blockchain defenders disturbed, which raises questions on the security mechanisms that protect the blockchain protocols. Although the community has largely demonstrated the claim of a sustained attack, the incident has highlighted a long -standing vulnerability in Monero that a deferred entity can operate using general use material.
According to Joel Valenzuela, basic member of the decentralized autonomous organization of Dash Dash (DAO), an attacker can cause inexpensive network disturbances using standard mining equipment. Although HA control since the subsistence, Valenzuela warns that the Monero network remains vulnerable.
“To put it frankly, at that time, the problem has not been solved or tackled,” intercelled Valenzuela CA. “The Blockchain Rorgs have been downloaded or intermittent, but the second for the reins – you were.”
Valenzuela agrees with another haunting than Qubic Tuoul maintained a majority of blocks during certain periods. Hower, he tells Bitcoin.com News that he does not know if Qubic was about to receive him for one. Unaccompanied complaint.
Motifs behind the attack and the dashboard alternative
In his written response, Valentzuela specializes that Qubic has become public to attract his relatively new cryptocurrency project. He believes that if it was Qubic’s goal, it “succeeded in an incredible way”. He suspects that financial motivations were also at stake, noting that Qubic appears to reuse the spare calculation power to exploit other cryptocurrencies like Monero, offering an economic incentive to attack.
By reacting to the reports according to which Dash had steps to help Monero, Valenzuela explained that if the two channels were created to resolve the deficient in the Bitcoin network, they diverged MONERO Signtics, on the other hand, implemented Randomx, which not only led to the abolition of the ASIC but made the extraction more accessible. Valenzuela insists that it made Monero less sure and more like Egypt
“Monero enthuses a technical solution similar to the well-being of the Dash channel chain requires a significant technical overhaul, but well-being prevents an external actor from attacking the network without having a large number of monero coins,” said Valenzuela.
Regional obstacles and call for clarity
Valenzuela also discussed the regime landscape, declaring that it is the responsibility of a user to emphasize that confidentiality networks are used in a compound way. Howver, he deplored the slow rhythm of regulators in the executives who establish, which, according to him, hinders adoption.
“To put it frankly, I do not think that the regional justiques to move slowly on the cryptocurrencies of the angel protected by the consumer are valid,” he said.
Valenzuela Argus who, instead of imposing more obstacles, Shulad political decision-makers decperiate the use of cryptocurrencies by providing legal clarity. Here, the law on clarity recently adopted in the United States as an example of how other courts should provide a clear legal framework.