$DOGE

Dogecoin in danger? After Monero, Qubic targets DOGE

Qubic is launching an attack. Last week, the Monero network was the target of a 51% attack by the Qubic project. Although the attack was described as economic by Qubic, it remains an attack nonetheless. Now, Qubic seems to have set its sights on a new network: Dogecoin.

After temporarily taking control of 51% of the Monero network's hashrate, Qubic has directed its attention towards the Dogecoin network, voted as the next target of its 51% attack.

Following this announcement, Qubic's founder, Sergey Ivancheglo, questioned the community about the next blockchain to attack.

Thus, he proposed three blockchains namely Dogecoin, Kaspa, and Zcash. Obviously, these three blockchains were selected because they are compatible with ASICs.

It is the Dogecoin network that won the vote, with over 300 votes.

Qubic: the Trojan horse of AI?

As a reminder, Qubic is a project aimed at developing a decentralized AI. To do this, the project has developed an ASIC that can be used to mine Monero.

According to the project, the goal of these 51% attacks is to secure PoW blockchains. Indeed, Qubic believes that ASICs are too specialized and cannot be used for anything other than mining a single cryptocurrency.

The ASIC developed by Qubic is a versatile ASIC that can be used to mine multiple cryptocurrencies. As a result, it would be more resilient to attacks.

In practice, Qubic aims to replace the current Monero miners with its own ASICs. This would, according to them, secure the network.

However, this vision is not shared by all. Indeed, some see it as an attempt by Qubic to take control of the network.

In any case, Qubic has now set its sights on Dogecoin. It remains to be seen whether the project will succeed in taking control of the network's hashrate.

Source: Journal du coin