Alarming New Threat To Dogecoin Security
The post Alarming New Threat To Dogecoin Security appeared on BitcoinEthereumNews.com.
Recent news has sent ripples through the cryptocurrency community: the Qubic project, an AI-focused layer-1 blockchain, has openly declared its intention to target Dogecoin (DOGE) with a planned Qubic 51% attack. This development raises significant questions about network safety and the future of decentralized assets. According to reports, the decision came from a community poll initiated by Qubic founder Sergey Ivancheglo. Dogecoin emerged as the overwhelming choice, garnering over 300 votes and surpassing other contenders like Kaspa (KAS) and Zcash (ZEC) combined. This move follows Qubic’s earlier claim of achieving 51% control over Monero’s hashrate, indicating a serious approach to their stated objectives. Understanding the Threat: What is a 51% Attack Crypto? A 51% attack occurs when a single entity or group gains control of more than half of a blockchain network’s total computing power, or ‘hashrate’. This dominance allows them to manipulate the network in several ways, posing a severe threat to its integrity. Double Spending: Attackers can reverse transactions, effectively spending the same cryptocurrency twice. Blocking Transactions: They can prevent legitimate transactions from being confirmed. Preventing Mining: Attackers can halt other miners from adding new blocks to the chain. Such an event highlights a critical blockchain vulnerability, demonstrating how a concentrated power can undermine the very principles of decentralization and trust. The Vote’s Impact: What Does This Mean for Dogecoin Security? The Qubic community’s explicit targeting of Dogecoin puts its network security directly in the spotlight. Dogecoin, a popular meme coin, relies on a proof-of-work (PoW) consensus mechanism, making it theoretically susceptible to a 51% attack if an entity accumulates enough mining power. While Dogecoin has a large and active community, the threat of a coordinated attack from a project like Qubic, which claims prior success against Monero, cannot be ignored. A successful attack could severely impact Dogecoin’s…
Filed under: News - @ August 17, 2025 11:28 pm