Qubic Overtakes Monero’s Hash Rate in “51% Takeover Demo,” Showcasing Real-World Power of Useful PoW

This story was originally published on HackerNoon at: https://hackernoon.com/qubic-overtakes-moneros-hash-rate-in-51percent-takeover-demo-showcasing-real-world-power-of-useful-pow . The approach was "Selfish Mining," a tactic that allows a mining pool with significant hashrate, as low as 33-40%, to gain a disproportionate share of the bloc Check more stories related to web3 at: https://hackernoon.com/c/web3 . You can also check exclusive content about #web3 , #qubic , #btcwire , #press-release , #qubic-announcement , #blockchain-development , #proof-of-work-protocol , #good-company , and more. This story was written by: @btcwire . Learn more about this writer by checking @btcwire's about page, and for more stories, please visit hackernoon.com . Qubic has reached over 51% hashrate to dominate Monero, the privacy-focused cryptocurrency known for its ASIC-resistant RandomX algorithm. The approach was "Selfish Mining," a tactic that allows a mining pool with significant hashrate, as low as 33-40%, to gain a disproportionate share of the block rewards.