In a striking turn of events that has sent ripples through the cryptocurrency community, the Qubic project, known for its innovative fusion of artificial intelligence and blockchain technology, has set its sights on targeting Dogecoin (DOGE) after recently claiming a controversial control over the Monero (XMR) network. This bold move not only raises intriguing questions about the future of proof-of-work systems but also highlights the vulnerabilities inherent in popular cryptocurrencies.
The implications of Qubic’s decision are profound, offering insight into the evolving dynamics of blockchain security and governance. With a substantial community backing, the Qubic team’s next targeted attack on Dogecoin could potentially reshape perceptions around one of the crypto world’s beloved memecoins.
Qubic’s founder, Sergey Ivancheglo, better known in crypto circles as “Come-from-Beyond,” conducted a community vote to determine the next proof-of-work blockchain to challenge. The options varied, but Dogecoin won decisively, garnering over 300 votes from enthusiastic supporters, considerably more than the combined votes for other contenders like Kaspa (KAS) and Zcash (ZEC). Ivancheglo proudly announced the results on X (formerly Twitter), emphasizing their intent to push boundaries: “The Qubic community has chosen Dogecoin.”
The #Qubic community has chosen #Dogecoin. pic.twitter.com/EnevIZUAw5 — Come-from-Beyond (@c___f___b) August 17, 2025
Qubic’s rise to notoriety began just last week when it shocked the blockchain universe by seizing majority control of the Monero network. The project’s mining pool engaged in a heated battle with existing Monero miners, ultimately managing to reorganize six blocks and claiming approximately 2.32 GH/s of hashrate, as reported by MiningPoolStats. In the wake of this takeover, Kraken, one of the largest cryptocurrency exchanges, temporarily halted deposits for Monero, citing concerns over the network’s integrity. While trading remained largely unaffected, this event sheds light on the fragile nature of blockchain security.
Despite reassurances from Qubic that Monero’s essential features—privacy and transaction speed—have not suffered, this aggressive maneuver has sparked a heated debate. While Qubic insists that its actions highlight complete network control, Monero developers have voiced skepticism. Luke Parker, lead developer at SeraiDEX, noted, “The six-block reorganization doesn’t definitively prove a successful 51% attack; it could merely indicate luck on the part of an adversary with ample hash power.” This perspective illustrates the ongoing tension between innovation and stability in the crypto ecosystem.
Concerns about the potential repercussions extend beyond just Monero. With Dogecoin’s substantial market capitalization of over $35 billion, a successful 51% attack could have dramatic ramifications not only for Dogecoin but also for the broader cryptocurrency market. The instability this could introduce may resonate across various sectors, affecting everything from market sentiment to investor confidence. Zhong Chenming, co-founder of the cybersecurity firm SlowMist, warned that if Qubic’s pool maintains its control, it could manipulate transaction censorship and blockchain rewriting capabilities.
But what drives Qubic’s ambitious plans? In Ivancheglo’s view, the transition to utilizing proof-of-work for AI-related tasks is paramount. He remarked, “A lot of electricity is burned for useless #PoW; we need that electricity for #AI.” The philosophical underpinnings of these attacks challenge the very essence of what proof-of-work represents in the cryptocurrency landscape. As debates around energy consumption in blockchain mining intensify, could Qubic’s actions catalyze a reevaluation of how mining power is utilized?
Looking ahead, the crypto community finds itself at a crossroads. Qubic’s intentions to target not just Monero but now Dogecoin showcase a willingness to confront and test the limits of proof-of-work cryptocurrencies. The stakes are undeniably high: if Dogecoin yields to Qubic’s advances, the implications could extend beyond the token itself, potentially heralding a new era of uncertainty for proof-of-work systems. As observers remain on high alert, the question looms: how resilient will these established networks prove against such audacious challenges?
In conclusion, the unfolding events around Qubic and its overarching ambitions will undoubtedly be closely monitored by enthusiasts and experts alike. The implications of these attacks could reshape the landscape of cryptocurrency as we know it, forcing projects and developers to rethink security and governance in the face of evolving threats. As we stay vigilant, one thing is clear: the realm of crypto is anything but predictable, and the actions taken today may echo in the market of tomorrow.