The group for Qubic, the AI-focused blockchain venture that executed a 51% assault on Monero this week and gained majority management of the community’s computing energy, has voted to focus on 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 subsequent 51% assault, 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 put up asserting 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 profitable 51% assault 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 ‘financial assault’ receives sturdy group response
Qubic efficiently positive aspects hashrate dominance over the Monero community
The Qubic crew introduced 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 conflict 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 with MiningPoolStats.
“The Monero community’s core performance stays intact. Its privateness, pace, and value haven’t been compromised,” the Qubic crew wrote on Tuesday following the takeover.
“Nevertheless, the top aim is for the Monero protocol’s safety to be offered by Qubic’s miners,” the crew continued.
Following the assault, crypto change Kraken briefly 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 holding XMR withdrawals and buying and selling open and instructed customers that XMR deposits will return as soon as the change deems it “secure,” in accordance with an announcement from the corporate.
Journal: AI could already use extra energy than Bitcoin — and it threatens Bitcoin mining
