The cryptocurrency market experienced a controversial development after the Qubic project, an AI-focused blockchain initiative, announced its success in executing a 51% attack on the Monero network, allowing it to control the majority of mining power and reorganize several blocks.
🔹 Following this success, the project's founder Sergey Ivancheglo (known by the nickname Come-from-Beyond) launched a poll within the Qubic community to choose the next network to be targeted. The options were:
Dogecoin (DOGE) 🐕
Kaspa (KAS)
Zcash (ZEC)
✅ The outcome was clear: Dogecoin received over 300 votes, more than the total votes directed at all other networks combined.
📊 Importance of this development:
Dogecoin is one of the largest cryptocurrencies by market capitalization (exceeding $35 billion).
The success of any attack on its network could undermine investor confidence, especially given its widespread adoption and global popularity.
After the Monero attack, Kraken temporarily suspended XMR deposits due to risks to network safety, which may indicate that other platforms could take similar steps if Dogecoin is targeted.
⚠️ Dangerous Implications:
This event reflects the fragility of some mining-based blockchain networks (Proof of Work) against coordinated attacks with high hash rates.
Targeting Dogecoin — despite its market strength — may open the door to rethinking the security mechanisms of alternative currencies.
Such moves could increase price volatility and ignite debate about the future of smaller cryptocurrencies against projects relying on artificial intelligence for mining and control.
📌 In light of these developments, the cryptocurrency community is watching to see if Qubic will indeed succeed in targeting Dogecoin, and what the potential implications for the market as a whole might be.
#Dogecoin #Monero #Qubic #Blockchain #CryptoNews #Security