BlockBeats news, on August 27, Qubic, the mastermind behind the 51% attack on Monero, stated that the story is not over. According to a community vote by Qubic this week, Dogecoin (DOGE), with a market cap of over $35 billion, has been listed as the next attack target.
On August 12, Qubic completed a 51% attack on Monero (XMR) using economic incentive games, leveraging $75 million to bring $5 billion into reality. Through the 'useful proof of work (uPoW)' mechanism, it rapidly accumulated a large amount of Monero (XMR) computing power, briefly controlling 52.72% of the Monero network's hash rate, ultimately leading to the reorganization of 6 blocks and 60 blocks becoming orphaned. Preliminary reports indicate that within two hours, Qubic mined 80% of the total Monero blocks. For detailed coverage of the incident, see (75 million attack on 5 billion giants, what do they really want?).
