Monero Under Attack: How AI Protocol Qubic Claims It Can Help

The privacy-focused cryptocurrency Monero has experienced a 51% attack, raising concerns about the security of blockchain networks employing proof-of-work mechanisms. The AI protocol Qubic asserts it possesses the capability to bolster Monero’s resistance against such attacks in the future. A 51% attack involves one party or a group controlling the majority of the network’s mining power, enabling them to reverse transactions and prevent confirmation of new ones. This poses a significant threat to the cryptocurrency’s trust and integrity. Qubic, a protocol leveraging distributed artificial intelligence, proposes utilizing its decentralized network to assist in monitoring and safeguarding blockchain networks like Monero. They claim their ability to analyze vast amounts of data rapidly and efficiently can help identify and mitigate potential attacks in real-time. However, the actual effectiveness of Qubic’s solution in a real-world attack scenario remains a subject of debate, with some arguing that any system requiring even slight centralization could be susceptible to exploitation. The security concerns surrounding proof-of-work blockchain networks remain paramount, and projects like Qubic continue to explore novel approaches to enhance resilience against attacks.