Cryptocurrency Q&A
Can a quantum computer crack bitcoin?
Can a quantum computer crack bitcoin?
CryptoGladiatorGuard
Sat Jul 06 2024
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6 answers
1346
Could you elaborate on the potential threat posed by quantum computing to the security of Bitcoin? Given the exponential growth in the capabilities of quantum computers, is it plausible that they could one day compromise the cryptographic foundations of Bitcoin, such as the SHA-256 hashing algorithm? What measures are being taken by the Bitcoin community to ensure its resilience against such advancements in technology? How confident are experts in the field that Bitcoin's security will remain intact in the face of potential quantum threats?
6 answers
BusanBeautyBlooming
Mon Jul 08 2024
Specifically, they estimated that a quantum computer boasting 1.9 billion qubits could potentially decrypt Bitcoin's safeguards within a mere 10 minutes.
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Valentina
Mon Jul 08 2024
This astonishing prediction highlights the evolving threat posed by quantum computing to existing cryptographic protocols.
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HanbokGlamourQueen
Mon Jul 08 2024
Notably, the researchers also found that a more modest quantum computer with just 13 million qubits could accomplish the same feat in approximately a day.
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SsangyongSpirit
Mon Jul 08 2024
This suggests that even less powerful quantum computers could pose a significant risk to the security of cryptocurrencies.
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Federica
Mon Jul 08 2024
The University of Sussex's researchers projected in February that the encryption protecting Bitcoin could be breached by a quantum computer with immense capabilities.
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