The Monero community is considering a possible change to its proof-of-work consensus to prevent 51% attacks, exploring proposals like merge mining with Bitcoin and adopting Dash’s ChainLocks solution. Qubic, the largest Monero mining pool, gained 51% control in August, prompting fears of similar attacks on other proof-of-work blockchains like Dogecoin.

Dash’s ChainLocks system prevents 51% network attacks and block reorganizations, enhancing security. Qubic’s 2.18 gigahashes per second control of Monero’s hashing power and community division over the attack’s severity led to Kraken temporarily suspending Monero deposits. Despite community votes, Qubic is focused on XMR mining for now.

The Qubic community’s vote to target Dogecoin next after gaining control of Monero’s hashing power led to Kraken halting Monero deposits temporarily. Qubic’s focus remains on mining XMR for now, despite community support for Dogecoin as the next target. Kraken now requires 720 confirmations for XMR deposits due to security concerns.

Read more at Cointelegraph: Monero Community Suggests Updating Consensus to Thwart 51% Attacks