📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Monero coin suspected of 51% Attack, network security is at risk.
[Coin World] Ledger's Chief Technology Officer Charles Guillemet stated that Monero appears to be facing a successful 51% Attack. This privacy-focused Blockchain was born in 2014 and has long been targeted by governments and law enforcement agencies around the world, and is now delisted from most mainstream Centralized Exchanges. The Qubic Mining Pool has been continuously accumulating Computing Power for months and now controls the majority of the network's Computing Power. A significant chain reorganization event was detected this morning, and with the current advantage, Qubic can rewrite the Blockchain at will, implement double spending attacks, and censor any transaction. Maintaining such an attack costs about $75 million daily. Although the potential gains are considerable, it could almost overnight destroy the trust foundation of the entire network, causing other Miners to lose motivation to continue Mining—because Qubic can easily isolate any competing blocks, effectively becoming the sole Miner. This is akin to a $300 million market capitalization chain (Qubic) taking over a $6 billion (Monero) chain. Monero's options for response are extremely limited, and a complete collapse is not only possible but may have already become a foregone conclusion.