The group for Qubic, the AI-focused blockchain mission that executed a 51% assault on Monero this week and gained majority management of the community’s computing energy, has voted to goal Dogecoin (DOGE) subsequent.
Sergey Ivancheglo, the founding father of the Qubic community, requested the Qubic group which application-specific built-in circuit (ASIC)-enabled, proof-of-work blockchain the group ought to goal with its next 51% attack, together with DOGE, Kaspa (KAS), and Zcash (ZEC).
“The Qubic group has chosen Dogecoin,” Ivancheglo, who goes by the net deal with Come-from-Past, wrote in a Sunday X post saying the outcomes of the vote.
Dogecoin, which has a market cap of over $35 billion, acquired over 300 votes, greater than all the opposite networks mixed.
Qubic’s successful 51% attack on Monero, a privateness blockchain, took the crypto group without warning, and the AI-focused community concentrating on one other proof-of-work cryptocurrency may sign troubling implications for digital asset blockchains reliant on mining.
Associated: Monero ‘economic attack’ receives strong community response
Qubic efficiently good points hashrate dominance over the Monero community
The Qubic crew announced that it gained majority management over the computing energy used to safe the Monero community on Monday.
Qubic’s mining pool efficiently reorganized six blocks following a month-long war with different Monero miners for management of the community’s hashrate.
The Qubic mining pool instructions a hashrate of about 2.32 gigahashes per second (GH/s) on the time of this writing, in accordance to MiningPoolStats.
“The Monero community’s core performance stays intact. Its privateness, pace, and usefulness haven’t been compromised,” the Qubic crew wrote on Tuesday following the takeover.
“Nevertheless, the tip purpose is for the Monero protocol’s safety to be supplied by Qubic’s miners,” the crew continued.
Following the assault, crypto change Kraken temporarily suspended Monero (XMR) deposits on the platform, citing the “potential danger to community integrity” from the 51% takeover of Monero by a single miner.
Regardless of the short-term pause on Monero deposits, the change is preserving XMR withdrawals and buying and selling open and instructed customers that XMR deposits will return as soon as the change deems it “protected,” in accordance to an announcement from the corporate.
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