Qubic community, Monero’s 51% attacker, votes to target Dogecoin next

Qubic, the AI-focused blockchain project that carried out a 51% attack on Monero this week, has seen its community vote to make Dogecoin () the next target.

Sergey Ivancheglo, the founder of the Qubic network, asked the Qubic community which application-specific integrated circuit (ASIC)-enabled, proof-of-work blockchain the group should target with its , including DOGE, Kaspa (), and Zcash ().

“The Qubic community has chosen Dogecoin,” Ivancheglo, who goes by the online handle Come-from-Beyond, wrote in a Sunday X announcing the results of the vote.

Dogecoin, which has a market cap of over $35 billion, received over 300 votes, more than all the other networks combined. 

Qubic’s , a privacy blockchain, took the crypto community by surprise, and the AI-focused network targeting another proof-of-work cryptocurrency could signal troubling implications for digital asset blockchains reliant on mining.

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The Qubic team that it gained majority control over the computing power used to secure the Monero network on Monday. 

Qubic’s mining pool successfully reorganized six blocks with other Monero miners for control of the network’s hashrate.

The Qubic mining pool commands a hashrate of about 2.32 gigahashes per second (GH/s) at the time of this writing, according to .

“The Monero network’s core functionality remains intact. Its privacy, speed, and usability have not been compromised,” the Qubic team wrote on Tuesday following the takeover.

“However, the end goal is for the Monero protocol’s security to be provided by Qubic’s miners,” the team continued.

Following the attack, crypto exchange () deposits on the platform, citing the “potential risk to network integrity” from the 51% takeover of Monero by a single miner.

Despite the temporary pause on Monero deposits, the exchange is keeping XMR withdrawals and trading open and told users that XMR deposits will return once the exchange deems it “safe,” according to an from the company.

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