The community of Qubic, an AI-centric blockchain project that ran a 51% attack on Monero this week and gained majority control of the network’s computing power, has now voted to target Dogecoin (Doge).
Sergey Ivancheglo, founder of Qubic Network, asked the Qubic community that the Group should target targets in the next 51% of attacks, including Doge, Kaspa (KAS) and Zcash (ZEC), which are enabled by application-specific integrated circuits (ASICs).
“The Qubic community has chosen Dogecoin,” Ivancheglo, who goes on an online handle from Beyond-From-From-From, writes in an X-post on Sunday, announcing the results of the vote.
With a market capitalization of over $35 billion, Dogecoin received more than 300 votes than all other networks combined.
sauce: Beyond-from-from
A 51% attack on the privacy blockchain Monero has successfully made a 51% attack on Qubic’s 51% attack, shocking the Crypto community, and an AI-focused network targeting another proof of work cryptocurrency could show awkward impact on the digital asset blockchain that relies on mining.
Related: Monero’s “economic attack” will be met by strong communities
Qubic successfully acquires hashrate advantage over Monero networks
The Qubic team announced on Monday that it has gained majority control over the computing power used to protect the Monero Network.
Qubic’s mining pool has successfully reorganized six blocks after a month of war with other Monero Miners to control the network’s hashrate.
According to Miningpoolstats, Qubic Mining Pool is conducting a hashrate of approximately 2.32 gigahash per second at the time of this writing.
The Qubic Mining Pool controls the hashrate most on the Monero Network. sauce: Miningpoolstats
“The core features of the Monero Network remain intact. Its privacy, speed and usability have not been compromised,” he wrote on Tuesday after Takeover.
“But the ultimate goal is that the security of the Monero protocol will be provided by the Miners of Qubic,” the team continued.
Following the attack, Crypto Exchange Kraken temporarily suspends Monero (XMR) deposits on the platform, citing “potential risks to network integrity” from the acquisition of Monero 51% by one miner.
Despite a temporary suspension of Monero Deposits, the exchange has kept XMR withdrawals and transactions open, and according to an announcement from the company, it informed users that if the exchange deems it “safe” the XMR deposit will be returned.
magazine: AI could already use more power than Bitcoin, threatening Bitcoin mining
