2018-12-22 16:01 |
Decentralization may sound like a sexy concept, but realism may be a better real-deal solution, argues Elly Zhang. origin »
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The price of Monero (XMR) cryptocurrency is showing renewed strength after weeks of consolidation and regulatory turbulence across the privacy coins industry. Analysts point to improving technical indicators, renewed investor confidence, and strong resistance testing as signs that Monero could be entering a bullish phase.
XMR token price is rising even after the Monero blockchain suffered a startling 18-block reorganisation. The block reorganisation rewrote roughly 36 minutes of ledger history and left more than a hundred previously confirmed transactions temporarily invalidated, sparking community backlash.
Key Takeaways What happened to Monero’s network on the 14th of September? Monero faced its largest-ever reorg as Qubic rolled back 18 blocks, reversing around 117 transactions in a 51% attack. The post Monero: Qubic strikes again with 51% attack, but XMR still rallies appeared first on AMBCrypto.
The cryptocurrency market is once again on edge after Qubic, the AI-focused blockchain project, shifted its attention to Dogecoin (DOGE) following its surprise 51% takeover of Monero last week. The move has sparked debates about the resilience of proof-of-work blockchains and the motives behind Qubic’s campaign, which has unsettled traders and communities across the market. […]
The largest privacy-centric cryptocurrency, Monero, faced a crucial test on its decentralization last week after Qubic seized control of the ecosystem. XMR exhibited bearishness amidst the hashrate capture.
Kraken suspended Monero deposits after detecting that a single mining pool gained majority control of the network’s hashrate. The exchange cited security concerns following what appears to be a successful 51% attack on the privacy-focused blockchain. “As a security precaution,…
Key Takeaways Monero saw a 51% attack on total hashing power, impacting its integrity. XMR jumped by gains during this period, but the attack raised a threat of price decline. Monero [XMR] rosThe post Monero survives 51% attack - XMR jumps $11 in 24 hours appeared first on AMBCrypto.