Why monero Is Trending Today?

Monero, a privacy-focused cryptocurrency, has released version 0.18.4.3, dubbed 'Fluorine Fermi'. This update aims to bolster user privacy and combat malicious network nodes, often referred to as 'spy nodes'. The update, 'Fluorine Fermi', seeks to curb the linking of IP addresses to spy nodes and enhance overall security. Following this update, the price of Monero temporarily dropped to $330.

Qubic, an AI protocol, has sparked controversy in the cryptocurrency world by claiming to have taken control of the Monero network through a 51% attack. The incident, which occurred on [insert date], saw Qubic's mining pool dominate Monero's hash rate, raising serious security concerns. While Qubic initially claimed to have over 50% of the network's hash rate, subsequent investigations and expert opinions have cast doubt on these assertions. The Monero community and cryptocurrency enthusiasts are closely monitoring the situation, with some expressing skepticism about Qubic's true influence over the network.

Qubic, a mining pool, has launched a 51% attack on the Monero network, taking over its hash rate and causing a significant price crash of Monero (XMR) by 17%. This attack, demonstrated live, highlights the real-world power of useful proof of work. The Monero community is expressing concern and turmoil due to Qubic's dominance over the network's hashrate, raising fears of potential manipulation.