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Qubic Community Shifts Focus to Dogecoin After Monero Attack

Following a claimed six-block Monero reorganization, Qubic’s community voted Dogecoin as its next high-profile Proof-of-Work stress test target, prompting exchanges and developers to assess network security risks.

DOGE
LTC
XMR

Fact Check
Multiple credible and independent cryptocurrency news sources, including CoinDesk, CryptoSlate, CCN, and Coinspeaker, corroborate that the Qubic community has voted to shift its focus and mining power toward Dogecoin after a similar event involving the Monero network.
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Summary

Qubic’s community, after asserting a majority hashrate and conducting a six-block reorganization on Monero, voted with over 300 ballots to target Dogecoin next, surpassing Kaspa and Zcash in the poll. Kraken paused Monero deposits due to network integrity concerns, though trading and withdrawals continued. Experts remain divided on whether Qubic maintained full Monero control, but agree that 51% attacks can enable censorship or chain reorganizations. Qubic’s founder framed the operation as redirecting Proof-of-Work resources toward AI, with mined XMR reportedly funding Qubic token buybacks and burns.

Terms & Concepts
  • 51% attack: An attack where a single entity controls most of a blockchain network’s mining power, enabling chain reorganizations and potential double spending.
  • Proof-of-Work (PoW): A consensus mechanism in which miners solve cryptographic puzzles to validate transactions and produce new blocks.
  • Merged Mining: A process allowing miners to mine multiple cryptocurrencies simultaneously without additional computational cost, using the same proof-of-work.