The post Qubic Targets Dogecoin After Monero 51% Attack appeared on BitcoinEthereumNews.com.

The Qubic community overwhelmingly chose the meme coin over Kaspa and Zcash. The Monero incident shed some light on the vulnerability of proof-of-work networks to concentrated hashrate attacks, and started debate about decentralization after Kraken temporarily halted deposits. Targeting Dogecoin, with its $33 billion market cap and mainstream visibility, could have far-reaching consequences for the perception of blockchain resilience. Meanwhile, the US Justice Department seized $2.8 million in crypto and other assets tied to ransomware operator Ianis Aleksandrovich Antropenko, which added to the government’s growing crypto stockpile. Dogecoin in the Crosshairs The Qubic community, the AI-focused blockchain project that shocked the crypto industry with its recent 51% attack on Monero, now voted to target Dogecoin (DOGE) as its next network. Sergey Ivancheglo, the project’s founder known online as Come-from-Beyond, asked the community to choose which proof-of-work blockchain to target, and listed Dogecoin, Kaspa, and Zcash as options. According to Ivancheglo’s announcement on X, Dogecoin was the clear choice after securing more than 300 votes—more than the other two networks combined. Qubic’s move into majority control of Monero last week sent ripples across the digital asset space, as it proved the real-world vulnerability of proof-of-work blockchains to concentrated hashrate attacks. By amassing majority computing power, Qubic’s mining pool reorganized six blocks on Monero’s network after a month-long struggle with existing miners. The attack did not alter Monero’s fundamental privacy or usability, but it raised immediate concerns about the security of one of crypto’s most resilient privacy-focused blockchains.  Announcement from Qubic The Qubic team explained that its end goal is to have Monero’s network security fully backed by its own miners. This leaves some serious open questions about decentralization and control in the long term. At the time of the Monero takeover, Qubic’s mining pool commanded around 2.32 gigahashes per second in…

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Filed under: News - @ August 18, 2025 9:21 am