The blockchain community has been talking about the AI-powered Qubic network since it successfully carried out a 51% attack on Monero. A community vote has now chosen Dogecoin (DOGE), a well-known proof-of-work cryptocurrency, as the next target for a coordinated mining takeover. This has raised new concerns about how safe major crypto networks are.
Qubic’s Growing Role in Mining Attacks
Sergey Ivancheglo, a blockchain developer, started Qubic. It uses a network of community-managed ASIC miners to gain control over most of the targeted blockchains. After taking control of Monero’s hashrate (2.32 GH/s) and reorganizing six blocks, Qubic made it clear that their miners’ goal is to protect Monero’s protocol. Even though there was an attack, Monero’s main features, such as privacy and speed, are still working. However, exchanges like Kraken have temporarily stopped accepting Monero deposits to check the network’s safety.
After this success, Ivancheglo asked members of the Qubic community which network to go after next. He gave them the choices of Dogecoin, Kaspa (KAS), and Zcash (ZEC). Dogecoin got more than 300 votes, more than any other suggested network, making it Qubic’s next focus. Dogecoin is a top-tier proof-of-work chain with a market cap of over $35 billion, which has sparked a lot of discussion in the crypto world.
What this means for Proof-of-Work Security
Qubic’s ongoing campaign shows that mining-based blockchains are becoming more and more risky. A 51% attack lets one group control transaction validation and block writing, which could hurt the network’s security and investors’ trust. Exchanges took temporary steps to protect users after the attack, but Monero’s usability and features were not affected.
The Qubic team says that their mining pool’s participation is meant to improve the security of the protocol, but critics say that this trend could make people less likely to trust proof-of-work blockchains, especially when AI-optimized mining networks are in charge.
The crypto world is keeping a close eye on what happens next as Qubic sets its sights on Dogecoin. The event should wake up proof-of-work chains to the need to improve network security and think about new ways to protect themselves against AI-driven mining strategies that are changing.
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