Category: Quantum Computers

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Bitcoin vs. Quantum Computers: US Government Says Post-Quantum World Is Getting Closer, CISA Warns Contemporary Encryption Could Break

September 20, 2022

According to the U.S. Cybersecurity and Infrastructure Security Agency (CISA), while quantum computers are incapable of breaking public key encryption algorithms, public and private entities need to prepare for future threats against cryptography that is not quantum resistant. Most of today’s digital communications, including cryptocurrencies, leverage public key encryption and CISA believes when “quantum computers…
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No, a quantum computer won’t instantly reward you with 69,000 Bitcoins … yet

September 9, 2020

The latest quantum computer may not help unlock lost Bitcoin — at least, not yet. A Bitcoin wallet with nearly $700 million is up for grabs — but anyone intending to be a “crypto thief” and nab it will have to crack the password first. Crypto Twitter user Alon Gal has put out a call…
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New Quantum Model for BTC Predicts Bottom in 2021 Before 2022 Bull Run

June 3, 2020

New Bitcoin model based around quantum analysis predicts a potential BTC price drop as low as $2,000 before the next bull-run proper starts in 2022. Twitter analyst CryptoWhale teased a new model for Bitcoin (BTC) on June 2, which claims to use quantum analysis to predict future price. The Fermions Flows, or FF, Whale Model…
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Talking Digital Future: Artificial Intelligence

March 28, 2020

Quantum computing could potentially break much of the encryption algorithms and protocols that currently secure the internet and computational industry as they are. I chose artificial intelligence as my next topic, as it can be considered as one of the most known technologies, and people imagine it when they talk about the future. But the…
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Will Google’s Quantum Supremacy Break Bitcoin in 2020?

January 9, 2020

The crypto community should be ready for the inevitability of quantum computing: It’s not as distant a future as it might seem. The topic of quantum computing has been steadily gaining interest within the cryptosphere, particularly so over the past 12 months. Given the heightened curiosity and concern, it is worth resolving some open questions…
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Blockchain Must Solve These 3 Issues to Avoid Quantum Threat: Expert

November 8, 2019

Head of cryptography at IoTeX says the blockchain community should address three issues to prevent being overtaken by quantum computers. The blockchain community should immediately begin working on three issues to prevent being overtaken by quantum computers, a cryptography expert says. Xinxin Fan, head of cryptography at privacy- and IoT-focused blockchain platform IoTeX, published an…
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Google’s Quantum Computer Still Far From Useful, Says Vitalik Buterin

October 26, 2019

Ethereum co-founder Vitalik Buterin does not think that Bitcoin faces any real threats from Google’s quantum computer just yet. Ethereum co-founder Vitalik Buterin is not at all impressed by the perceived threat Bitcoin (BTC) faces from Google’s quantum computer. Buterin took to Twitter on Oct. 23, where he commented on the news that Google had…
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Antonopoulos: Google’s ‘Quantum Supremacy’ Has No Impact on Bitcoin

October 11, 2019

The recent breakthrough announced by the tech giant does not pose problems for public blockchain cryptography, says the educator. Bitcoin (BTC) has “zip” to fear from the latest advances in quantum computing from Google, one of the industry’s best-known figures has confirmed. The effect on Bitcoin? “Zip, bupkis nada” Speaking as part of a Q&A…
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