Following the 51% attack on the Monero network last week, the Qubic community entered the process of identifying a new candidate for a similar attack. In the vote between community members, Dogecoin $0.222083 It was the prominent option. A discord screenshot shared by Quubic founder Sergey Ivancheglo shows that at least 300 members support Dogecoin.
Dogecoin (Doge)
As a result of the survey conducted in the community, other options such as Kaspa and Zcash were behind. The majority of Qubic members take into consideration the technical characteristics and defense capacity of the network in the prominence of Dogecoin. The reason for the attack is seen as the target of Dogecoin’s existing HASH power is lower compared to other large crypto currencies.
The calculation power of approximately 2.23 petahash/seconds (pH/s) of the Dogecoin network reflects the total power of the miners who actively traded on the network. This level is Bitcoin, one of the industrial leaders 
$115,054.16964 Exahash/second (eh/s) level is well below.
Dogecoin since 2014, Litecoin 
$116.73 It is included in the mining system combined with. In this system, the mining of both crypto currencies is performed at the same time without loss of performance. This cooperation contributes to Dogecoin’s security level.
The Litecoin community also came to support for Dogecoin. In the share of Litecoin’s social media account,
“Litecoin users support Dogecoin. We have always supported, we will always support.”
51% attacks and network security
The 51% attack is carried out when a crypto currency network is captured by a single group. This allows the attackers to manipulate and make double spending, but not so easily. Dogecoin’s relatively low Hash power makes it less resistant to such attacks, but is not vulnerable.
On the other hand, the united mining model with Litecoin is seen as a protective mechanism by experts. It is considered that community support may be effective in preventing possible attacks on the network.
Frequent security debates in the crypto currency ecosystem reunites the technical security of networks and the solidarity of communities. What kind of approach the Qubic community will develop to Dogecoin is watched by the crypto industry. Moreover, these efforts offer an important projection for risks that crypto money networks may face in the future.
The Qubic community is not known how successful it will be, but Dogecoin is not easy to bite, and in the future, new measures against such attackers are likely to be commissioned. For now, Qubic may be seen as a weak risk, but in the future, larger organizations are able to engage in business that will bother.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
