Cryptocurrency Q&A
Could 13 million qubits break a bitcoin's encryption in a day?
Could 13 million qubits break a bitcoin's encryption in a day?
GeishaCharm
Mon Sep 09 2024
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5 answers
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Excuse me, but I was wondering if you could clarify something for me regarding the topic of Bitcoin encryption and the potential power of quantum computing. Specifically, the question is: could a quantum computer with 13 million qubits theoretically be capable of breaking the encryption of a bitcoin in just a single day? I understand that bitcoin's encryption is incredibly robust, but I'm curious about the potential implications of such advanced quantum computing power. Could you elaborate on this topic and provide any insights or expert opinions you may have?
5 answers
CoinMaster
Wed Sep 11 2024
In response to these threats, the cryptocurrency community is actively exploring solutions to enhance the resilience of blockchain networks against quantum attacks. These efforts include the development of post-quantum cryptography algorithms that can withstand the computational power of quantum computers.
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Eleonora
Wed Sep 11 2024
As a leading cryptocurrency exchange, BTCC offers a comprehensive range of services to cater to the diverse needs of its users. From spot trading to futures contracts, BTCC provides a secure and efficient platform for individuals and institutions to buy, sell, and manage their digital assets.
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BusanBeautyBloomingStarShine
Wed Sep 11 2024
Among BTCC's services, its wallet solution stands out as a convenient and secure option for storing cryptocurrencies. The wallet is designed to protect users' assets from theft and unauthorized access, ensuring that their funds remain safe and accessible at all times.
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Carlo
Wed Sep 11 2024
BTCC's commitment to security extends beyond its wallet offering. The exchange employs state-of-the-art security measures to safeguard its infrastructure and prevent attacks from malicious actors. These measures include robust firewalls, regular security audits, and a dedicated team of security experts monitoring the platform around the clock.
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SumoPowerful
Wed Sep 11 2024
The potential implications of quantum computing on cryptocurrency security are significant. Scientists have projected that systems equipped with 13 million qubits could potentially breach Bitcoin's robust encryption within a mere 24 hours. This raises concerns about the long-term safety of digital assets stored in blockchain-based systems.
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