Dogecoin under an attack threat of 51% by Qubic after attack against Monero


By Hannah Pérez

The Qubic community voted for Dogecoin as its next objective of a potential 51%attack. Last week, Qubic surprised the cryptocurrency community when he lashed out at the Monero Network.

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  • The Qubic community voted for Dogecoin as its next goal.
  • Qubic surprised the crypto community with a 51% attack against Monero last week.
  • Now he has the greatest memecoin in the sights for his mining experiment.
  • The events highlight the vulnerabilities of the Pow block chains before malicious actors.

The popular Memecoin of puppy Dogecoin (Doge), with a market capitalization of more than 33 billion dollars, is in the spotlight of Qubic as its next objective potential for a 51%attack.

After having executed a 51% attack against the network Monero (XMR) last week, the community of Qubic now he voted for Dogecoin as its next goal for an onslaught.

Qubica project Blockchain Focused on artificial intelligence (AI), attacked against Monero In a 51% attack what occurs when a group or entity controls more than 50% of the computational power (Hashrate) of a block chain based on work proof (POW), which allows them to manipulate the network, being able to reorganize blocks, implement double expense and block transactions.

While this type of malicious exploits do not destroy the BlockchainThey manage to compromise their integrity temporarily, affecting trust and security. 51% attacks are expensive and more feasible to carry out in networks with less Hashrate.

Qubic chooses Dogecoin for his next attack

Sergey Vivancheglo, founder of Qubic And known online as Come-From-Beyond, announced Sunday through an X post that “The Qubic community has chosen Dogecoin. This decision arose from a vote on the server of Discord of Qubicwhere Dogecoin obtained more than 300 votes, exceeding other options such as Kaspa (Kas), ZCash (ZEC) and other cryptocurrencies mined with integrated specific application circuits (ASIC).

Vivancheglo had proposed these alternatives as candidates for the “Next mining season“, Highlighting the interest in trying the model of Qubic In Asic-Compatible networks, unlike Monerowhich is resistant to Asic.

Although Qubic has emphasized that its initial approach to Dogecoin will be “undermine“And try if its incentive structure works in an ASIC currency, without immediate plans of a 51%attack … yet.

Retrodrive, pseudonym marketing leader of Qubicexplained to Decrypt what will take “months“Development before starting mining in Dogecoinand that the goal is to attract more computational power to train its AI model, called AIGARTHthrough a “Useful power“That combines mining with outsourced computations.

However, Retrodrive did not rule out future actions, stating: “It would be speculation on my part. It is too soon to say it“. Vivancheglo, meanwhile, joked in Discord About mine “100%“Of the blocks of Dogecoinwhat has fueled fears of an attack.

51% attack on Monero: a worrying precedent

Last week, Qubic surprised the crypto ecosystem by launching a 51% attack against Monerofocused on privacy. The team of Qubic He announced that he had gained majority control over the computational power of the network, reorganizing six blocks after a month of competition with other miners.

According to data provided by Miningpoolstats, the mining pool of Qubic reached a hashrate of approximately 2.32 gigahas per second (GH/s), dominating the network.

Despite Qubic He assured that the main functionality of Monero – including its privacy, speed and usability – it was not compromised, the declared objective was that the miners of Qubic will provide the security of the protocol for Monero In the long term.

In response, the Exchange Kraken temporarily suspended XMR deposits citing “Potential risks for network integrity“, Although he kept withdrawals and trade open.

An independent report commissioned by Qubicconducted by researcher Shai Wyborski, concluded that the project “probably“It did not reach the exact 51% of the hashrat, estimating a control of at least 28%, with a 0.3% probability of reorganizing six deep blocks. However, the report stressed the vulnerabilities of Monero.

Having been interrupted so exhaustively by a niche movement should considerably undermine its ability to [presentarse como de alta seguridad]”concluded that report.

Qubic Plan to persist in your effort to control Moneroseeking to modify the reward rules so that only miners through their protocol receive blocks, attracting more CPUS for the training of AI without compromising the privacy of Monero.

Retrodrive has confirmed in this regard that Qubic Face “Very intense ddos attacks“After the incident, but estimated that they could achieve 51%”any day“. He said that the power will remain decentralized between miners, making a double expense or total rewriting, since it would destroy profits and generate rejection.

ZCASH on the list of power objectives

After the attack on MoneroVivancheglo not only promoted the vote to Dogecoinbut also publicly suggested to attack ZCash.

In an X publication the weekend, he questioned whether it would be “morally justified “ perform a 51% attack against ZCash – Another project focused on privacy – to inflict “The maximum damage“To your network Blockchain as part of a “Economic experiment “. Criticized the founder of ZCashZooko Wilcox, for allegedly favoring governments if it was profitable, citing a study on traceability in ZCash and arguing that only those who do not value privacy use the native token ZEC.

ZCash It was one of the options in the vote of Discordreceiving only 12 votes, but the proposal of Vivancheglo highlights the aggressive approach of Qubic Towards Pow networks. The Token of Qubic has risen more than 20% in the week after attack on Moneroreaching a capitalization of 355 million dollars, although there is still 77% below its historical maximum, according to Coingcko.

These events highlight the vulnerabilities of Pow block chains against actors with significant resources, especially those that integrate mining with AI. The community of Dogecoinbacked by figures such as Elon Musk, could respond with defensive measures, but for now, the threat of Qubic generates uncertainty in the sector.


Article written with the help of AI, edited by Diariobitcoin

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