After Monero, Qubic Targets Dogecoin with Potential 51% Attack

Based on recent events in the cryptocurrency space, the community behind the AI-focused blockchain Qubic has voted to target Dogecoin (DOGE) as its next target, following its controversial activity on the Monero network. The founder of Qubic, Sergey Ivancheglo, announced the results of the community vote, which showed Dogecoin receiving the most support among several other Proof-of-Work (PoW) blockchains.

A Controversial 'Monero Attack' and Shifting Focus

[embed]https://twitter.com/SonOfATech/status/1957120046586618022[/embed] The decision to target Dogecoin comes after Qubic's recent efforts to gain dominance over the Monero network. While some sources describe this as a successful "51% attack" that allowed Qubic to temporarily control a majority of the network's hash power and reorganize blocks, others in the Monero community have dismissed it as a publicity stunt with falsified numbers. Regardless of the intent, the action caused concern within the broader crypto community and prompted crypto exchange Kraken to temporarily suspend Monero deposits. The successful vote to target Dogecoin with a similar strategy raises new security concerns for other large, PoW-based cryptocurrencies.