The group for Qubic, the AI-focused blockchain undertaking 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 web deal with Come-from-Beyond, wrote in a Sunday X put up asserting the outcomes of the vote.
Dogecoin, which has a market cap of over $35 billion, obtained over 300 votes, greater than all the opposite networks mixed.
Qubic’s profitable 51% assault on Monero, a privateness blockchain, took the crypto group abruptly, and the AI-focused community focusing on one other proof-of-work cryptocurrency might sign troubling implications for digital asset blockchains reliant on mining.
Related: Monero ‘financial assault’ receives sturdy group response
Qubic efficiently good points hashrate dominance over the Monero community
The Qubic group 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 battle 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 keeping with MiningPoolStats.
“The Monero community’s core performance stays intact. Its privateness, pace, and usefulness haven’t been compromised,” the Qubic group wrote on Tuesday following the takeover.
“However, the top objective is for the Monero protocol’s safety to be supplied by Qubic’s miners,” the group continued.
Following the assault, crypto alternate Kraken quickly suspended Monero (XMR) deposits on the platform, citing the “potential threat to community integrity” from the 51% takeover of Monero by a single miner.
Despite the momentary pause on Monero deposits, the alternate is holding XMR withdrawals and buying and selling open and informed customers that XMR deposits will return as soon as the alternate deems it “secure,” in keeping with an announcement from the corporate.
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