GeishaCharm
Mon Sep 09 2024
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5 answers
980
Could 13 million qubits break a bitcoin's encryption in a day?
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?
Giuseppe
Sun Jun 23 2024
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5 answers
610
How many qubits to crack Bitcoin?
The question of 'How many qubits to crack Bitcoin?' has sparked intense debate in the world of cryptocurrency and quantum computing. As Bitcoin relies on cryptographic algorithms to secure its transactions, it stands as a prime target for potential quantum attacks. However, estimating the exact number of qubits required to successfully crack Bitcoin remains a complex task. The answer depends on several factors, including the efficiency of the quantum algorithm, the computing power of the qubits, and the current security measures employed by Bitcoin. Some experts suggest that with current technology, it would take a significant number of qubits, perhaps thousands or even tens of thousands, to pose a realistic threat to Bitcoin's security. However, as quantum computing technology continues to advance, this threshold may change. It is crucial for the cryptocurrency community to stay vigilant and monitor developments in this field to ensure the long-term security of Bitcoin and other cryptocurrencies.
