Artificial intelligence blockchain project Qubic is turning its attention towards Dogecoin following a community vote that prioritized mining the memecoin over other proof-of-work blockchains. This move comes in light of their recent controversial 51% attack on privacy coin Monero earlier this month, raising concerns about network security and concentrated mining power within cryptocurrencies. 2023 is proving to be a turbulent year for crypto with the market reacting sharply to Qubic’s shift. 17th August saw Qubic community members vote for Dogecoin as their next priority in focus. The decision was a surprise, with many surprised by the project’s change of direction after causing a stir in the industry. 51% control was achieved on Monero earlier this month and sparked concerns around network integrity among cryptocurrency exchanges such as Kraken, prompting temporary suspensions. Dogecoin’s price dipped more than 5% following Qubic’s announcement, although its market cap remained above $33 billion. The project insists the decision was a vote on mining Dogecoin, not an attack. Qubic also clarified that they were simply exploring theoretical concepts and opportunities for miners to increase profits. However, the impact of Qubic’s move has led to renewed discussions about the strength of proof-of-work networks. This follows the incident with Monero and raises questions whether other blockchains could face similar scenarios. ” 17th August saw Qubic community members vote for Dogecoin as their next priority in focus. 51% control was achieved on Monero earlier this month and sparked concerns around network integrity among cryptocurrency exchanges such as Kraken, prompting temporary suspensions. Dogecoin’s price dipped more than 5% following Qubic’s announcement, although its market cap remained above $33 billion. The project insists the decision was a vote on mining Dogecoin, not an attack. Qubic also clarified that they were simply exploring theoretical concepts and opportunities for miners to increase profits. However, the impact of Qubic’s move has led to renewed discussions about the strength of proof-of-work networks. This follows the incident with Monero and raises questions whether other blockchains could face similar scenarios.