Monero Under Attack | MONERO MONTHLY 08
A monthly show where Max and Seth take a trip down memory lane to see what happened in the last 4 weeks of Monero.
What to know
- Supposedly launching a 51% attack on August 2nd
- Theoretically have shown the ability to deploy ~30% of the network hashrate for a 6h period, and only peaking at 20% over a 24h period as of July 28th
- Founder has been doxxing Monero community members and slandering many others
- Clearly a marketing ploy of a dying coin IMO, but a good test of Monero's PoW decentralization and resistance
- Their goal, quote by Luke Parker:
Fear-mongering and promoting a project which aims to remove Monero's decentralized block building, and appears to be the same as any other centralized mining pool (even if shares are submitted over some centralized network), don't contribute though. Don't get manipulated into it.
What you can do- Mine Monero via p2pool to do your part securing Monero
- If the attack actually happens, be wary of accepting Monero without sufficient confirmations for goods and services
- The more confirmations, the more hashrate required to re-org the chain and double spend
- If running BTCPay, you can easily change the number of confirmations required in the "XMR Wallet" settings on the left side bar
Call out Selsta's tireless efforts
Software updates
Cake Wallet released v5.2.0
- BIP 353 proof support for hardware wallets
- Improved support for Cupcake
- Monero and Bitcoin view-only support
- Ledger for desktop
- Automatic node switching
- Minor Silent Payment enhancements and fixes
Cake Wallet released v5.1.0, 5.1.1, 5.1.2
Monero v0.18.4.1 released
p2pool v4.9 released
Eigenwallet v3.0.0-beta released
Cuprate v0.0.5 released
IMPORTANT LINKS