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Qubic vs. Monero – Risk or spectacle?
Qubic introduced on August 11, 2025 that they’d launched a 51% assault towards the Monero Blockchain. They then revealed their subsequent purpose: Dogecoin. Such statements have been alarming to the crypto-community, since they elevate issues in regards to the security of the community, and its sustainability.
The nameless coin blockchain had no tangible results, however many seen the mission as a manipulation try and an attention-seeking scheme.
Libertarian Core
On the BitcoinTalk Discussion board, in 2012, an nameless person, Come-fromBeyond, wrote that they have been engaged on Qubic, or Quorum-Primarily based Coin (QBC), a digital foreign money designed to handle the weaknesses of Bitcoin. His concept was that a greater analogue to the unique cryptocurrency would come with:
- Transferring funds is free
- Traceable transactions
- Miners can “show of labor” via their Web connection, tied to an IP Handle. This eliminates the necessity for expensive {hardware}
- The speed of coin emission is decided by the quorum as an alternative of builders
- Digital belongings are extra much like fiat currencies
- There is no such thing as a must hold a big blockchain server; each miner can course of solely part of the complete community
- Transaction pace is considerably elevated
- The greener Blockchain with Decrease Power Consumption
Initially, the discussion board was sceptical. Many questions have been requested to the developer about particular technical features, together with community safety towards 51% assaults and quorum-based settlement mechanisms. Many members thought the mission was unrealistic, and Satirically prompt that Sergey Ivancheglo begin off by studying the fundamentals of cryptography.
As time went on, the discussions obtained extra in-depth: Customers started to point out curiosity in Qubic. Additionally they began asking questions that have been particular in regards to the mission’s technical features. Ivancheglo’s first detailed rationalization described the way in which the community might be protected against a Sybil-type assault.
In the identical time interval, Come-from-Past additionally printed a report about Qubic. Though it was unavailable when this text was written, the outline of its essence conveys what the doc stated, highlighting the “freedom centric” nature, and the creator’s perception that libertarians would have an interest within the community. The community structure was later conceptually enhanced. A dialogue was held on the significance of the person locally. It was argued that customers with no specialised abilities ought to nonetheless give you the chance affect the event.
Qubic Now
Ivancheglo was concerned in NXT’s creation, which is without doubt one of the earliest cryptocurrencies to have a Proof of Stake consensus. He then labored for IOTA, which introduced Qubic’s IOTA focus as a prime precedence. Ivancheglo, nevertheless, left the mission a yr after its launch to focus on creating the AIGarth decentralized AI idea, which relies on Qubic.
Qubic’s mainnet launched in April 2022 with the token by the identical identify. AIGarth has been built-in into the community which makes use of the Proof-of Helpful Work (PoUW).
The Proof-of Helpful Work is a system that directs the computing energy of a community to carry out actual and sensible duties.
The corporate memorandum states that the startup’s computing assets are used to resolve outsourced issues. Nevertheless, they don’t embrace navy makes use of of their expertise.
Validators can function with RAM utilizing the community structure. Qubic depends on the Quorum-Primarily based Computation protocol (QBC), which is supported by 676 nodes of computing. Greater than two-thirds need to agree to ensure that a choice to be made. Each epoch, the composition of nodes adjustments primarily based on how they’re rated.
The pace file is now as much as 15,5 million TPS.
Freedom to Dominate
Qubic needed to take a look at the “computation outsourcing” in the actual world as a part of its PoUW. As a proof-of-concept, the try to manage Monero’s blockchain was made.
Qubic divided its preliminary assets on August 11, 2025 between coaching AIGarth and mining XMR. This method grew to become 3 times as worthwhile and attracted an inflow of computing energy.
Initially, Qubic bought its mined XMR, after which used the cash to buy QUBIC tokens, which have been later burned, making a downward inflationary spiral. After a vote the mechanism of reward was altered: the remaining half continued to burn, whereas the rest was given as bonus cash among the many miners.
Payment swap was a powerful financial incentive that attracted members from Monero swimming pools, and contributed to “seize” the community.
The Market’s Response: Penalties
Consultants, opinion leaders and the Monero Neighborhood all criticized these occasions. Qubic was seen by many as a publicity stunt, slightly than a severe risk. It’s because the outcomes reported weren’t in step with the precise figures. Most observers concluded that this assault had a minimal impression, nevertheless it did draw consideration to the sector.
Qubic created a dual-mining pool, the place customers have been in a position to concurrently mine Monero and QUBIC. The hashrate elevated shortly, and the pool was promoted attributable to extra income from XMR.
QUBIC In the present day’s viral degree= LawnGreen has risen by 75% since July 25, when the incident was reported, to $0.0000034. As of the date this text was written, its worth stood at $0.0000026. XMR, however, skilled a slight drop in worth of 25 p.c between July 25, and August 15, nevertheless it has recovered since to $265.
Qubic’s actions led to a peak in on-line mentions for Monero, which had been at a 5-year excessive, in addition to a record-high search quantity of PoW, which was the best it has ever reached.
The Monero Community continued to function usually throughout the assault and processed transactions with no delays. The Qubic weblog said that the assault was motivated by economics, and never simply the truth that mining is being outsourced.
The core performance of Monero stays unchanged now that the testing is accomplished. Privateness, pace and value of the Monero community haven’t been compromised. The final word purpose, nevertheless, is to have Qubic miners present safety for the Monero Protocol. This can lead to rewards flowing via Qubic swimming pools. The upper earnings generated by Qubic swimming pools create a brand new incentive for Monero mining.”
Ivancheglo’s mission was additionally subjected, for greater than a full week, to an assault by DDoS, however the group efficiently managed it.
Dogecoin: Subsequent steps within the crosshairs
The Qubic neighborhood selected Dogecoin because the goal of the “teachable assaults” towards mining swimming pools on August 17. Ivancheglo says that what’s taking place is simply mining. Ivancheglo stated it’s going to take a few week to prepare, however within the interim, Qubic Pool continues to mine XMR profitably.
After the incident, privacy-focused crypto neighborhood prompt new methods to forestall 51% assaults together with:
- Localization of kit
- Combining mining of XMR with different cryptocurrencies
- ChainLocks Resolution from Sprint Venture Applied
These occasions will probably have a profound impression on the crypto-industry, probably resulting in a stronger safety for PoW or reorganization of PoW.
Qubic left a blended impression with its actions. It’s one factor for them to behave as “white-hats” when builders request it, however fairly one other to launch an assault on their very own.
The non-aggression idea, which Ivancheglo harassed when introducing Qubic to the world in 2012, appears notably contradictory.
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