Qubic Aims for Dogecoin with Community-Driven Hashpower Shift

Blockchain entity Qubic has announced its plan to target Dogecoin, aiming for a 51% attack in an effort to shift community-driven hashpower. This move significantly impacted Dogecoin’s market dynamics and caused price drops from $0.24 to $0.21. Concerns about network security have been raised as the community reacts to this action. Qubic, led by Sergey Ivancheglo, has previously conducted similar attacks on Monero, showcasing its potential for disrupting cryptocurrency networks.