The neighborhood for Qubic, the AI-focused blockchain project that accomplished a 51% assault on Monero this week and gained majority modify of the network’s computing vitality, has voted to center of attention on Dogecoin (DOGE) subsequent.
Sergey Ivancheglo, the founder of the Qubic network, requested the Qubic neighborhood which application-explicit constructed-in circuit (ASIC)-enabled, proof-of-work blockchain the neighborhood might aloof diagram with its subsequent 51% assault, including DOGE, Kaspa (KAS), and Zcash (ZEC).
“The Qubic neighborhood has chosen Dogecoin,” Ivancheglo, who goes by the on-line tackle Reach-from-Beyond, wrote in a Sunday X submit asserting the results of the vote.
Dogecoin, which has a market cap of over $35 billion, bought over 300 votes, better than your whole other networks blended.
Qubic’s successful 51% assault on Monero, a privacy blockchain, took the crypto neighborhood all of a sudden, and the AI-focused network concentrating on one other proof-of-work cryptocurrency might ticket troubling implications for digital asset blockchains reliant on mining.
Linked: Monero ‘economic assault’ receives tough neighborhood response
Qubic efficiently gains hashrate dominance over the Monero network
The Qubic team announced that it gained majority modify over the computing vitality frail to stable the Monero network on Monday.
Qubic’s mining pool efficiently reorganized six blocks following a month-lengthy battle with other Monero miners for modify of the network’s hashrate.
The Qubic mining pool instructions a hashrate of about 2.32 gigahashes per 2d (GH/s) on the time of this writing, essentially based on MiningPoolStats.
“The Monero network’s core functionality remains intact. Its privacy, speed, and usability comprise now not been compromised,” the Qubic team wrote on Tuesday following the takeover.
“Alternatively, the stop diagram is for the Monero protocol’s security to be offered by Qubic’s miners,” the team persisted.
Following the assault, crypto commerce Kraken temporarily suspended Monero (XMR) deposits on the platform, citing the “seemingly possibility to network integrity” from the 51% takeover of Monero by a single miner.
No subject the non permanent discontinue on Monero deposits, the commerce is keeping XMR withdrawals and shopping and selling start and knowledgeable customers that XMR deposits will return once the commerce deems it “safe,” essentially based on an announcement from the firm.
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