Synopsis- Qubic’s community has chosen Dogecoin as its next target after claiming majority control of Monero’s network. The project’s founder, Sergey Ivancheglo, shared the update on August 17, following a successful attack that reorganised six Monero blocks. That move showed Qubic could rewrite blockchain history with concentrated hashrate power.
The announcement came days after Qubic said its mining pool executed a 51% attack on Monero. The group claimed it had dominated Monero’s network and proved control with the reorganisation. While Monero continued operating, the event triggered immediate market and infrastructure reactions. Kraken paused Monero deposits and signalled concern over network integrity.
Soon after, Ivancheglo asked Qubic’s community to pick another ASIC-enabled proof-of-work network. In a public vote, Dogecoin won decisively over Zcash and Kaspa, gathering more than 300 votes. The result positioned Dogecoin as Qubic’s next testing ground, drawing swift attention across crypto circles.
Why Dogecoin and why now
Dogecoin carries a market capitalisation above $35 billion, making it a high-profile proof-of-work network. Its cultural impact and liquidity make it a symbolic and practical target for a stress test. The coin uses a PoW mechanism, leaving it theoretically vulnerable if one group amasses enough hashrate. Though Dogecoin benefits from merged mining with Litecoin, concentration risks remain a concern.
Qubic describes its activities as “stress tests” for its useful proof-of-work model. The project claims it aims to demonstrate resilience, not destroy targeted networks. Profits from its pool reportedly go toward buying and burning QUBIC tokens. Even so, the Monero incident raised questions about intent and longer-term strategy.
Notably, Qubic’s mining pool previously reached about 2.3 GH/s on Monero. That level of power enabled the six-block reorganisation and sustained control. If applied to Dogecoin, a similar hashrate concentration could create significant risks. The community now watches whether Qubic can mobilise enough power against a larger network.
What a 51% attack on Dogecoin could mean
A 51% attack lets the controlling entity reorganise blocks and potentially enable double-spending. It can also censor transactions and delay confirmations across the network. These actions undermine reliability, trust, and settlement finality for exchanges and users. In Monero’s case, the network functioned, but confidence took a visible hit.
If Dogecoin faced such pressure, exchanges could preemptively pause deposits to protect users. That response already happened at Kraken with Monero deposits after Qubic’s claim. A pause erodes liquidity and complicates normal trading and transfers. It also pushes developers and miners to coordinate defensive steps quickly.
Developers could consider algorithm changes or hybrid approaches to reduce attack vectors. However, major upgrades demand broad consensus and careful implementation. Meanwhile, community mobilisation can help increase hashrate and decentralise control. The Dogecoin community has historically organised, which may matter now more than ever.
What comes next for Dogecoin’s security
Qubic has not shared a timeline for its move against Dogecoin. The announcement alone has intensified scrutiny of Dogecoin’s security model. It also prompted debate on whether proof-of-work remains robust under mining concentration. Many argue that economic incentives gravitate hashrate toward large pools.
Dogecoin’s developers may outline defensive strategies if risks escalate. Community calls to action could rally miners and bolster merged mining capacity. Exchanges might also draft contingency plans to safeguard deposits and users. Each stakeholder group will likely weigh trade-offs between speed and stability.
Supporters emphasise that Qubic says it does not intend to break Dogecoin. Yet the Monero episode showed how quickly confidence can be shaken. The experiment reframed old worries about 51% attacks into a present challenge. It also stressed the importance of decentralisation in surviving targeted pressure.
Importantly, Dogecoin’s stature makes this a pivotal stress test for PoW systems. A high-profile campaign would spotlight both strengths and weaknesses in real time. It could also accelerate discussions on alternative consensus models. For now, all eyes remain on Qubic’s next steps and Dogecoin’s response.
Written By Fazal Ul Vahab C H
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