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Adam Back suggested that the emergence of quantum computing could force Satoshi Nakamoto to move their Bitcoin to protect it, revealing whether they are alive.
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Latest News on Quantum Computing
Quantum computing is an emerging technology that uses phenomena occurring on an atomic level to resolve complex problems that are beyond the realm of classical computers. Forming the core of superconducting quantum processors, this technology has made it possible to deliver chipsets with increasing computing speeds. In fact, by modeling atomic behavior that can only be seen under a powerful microscope, quantum computing has made it possible to solve tasks involving multiple variables.
Quantum computing use cases can be found in everyday applications, such as electric vehicles. It is even helping organizations to solve problems such as the energy challenge facing all of humanity in the backdrop of increasing carbon emissions. Quantum computers are smaller and lighter and require far less energy than classical computing systems while being more resilient, even in adverse external environments. Transforming the way computers work, quantum computing is introducing new efficiencies in how humans live and interact in an increasingly connected world.
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Quantum researchers are offering 1 Bitcoin to whoever cracks the biggest “toy version” of a Bitcoin key using Shor's algorithm on a quantum computer.
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The Bitcoin community continues to debate whether allowing the recovery of lost BTC by hackers using quantum computers would be ethical.
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Alexander Leishman, CEO of River, says while the crypto quantum threat is still years away, solutions need to be discussed now.
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Tech giant Microsoft has announced the debut of its new quantum computing chip, Majorana 1, after nearly 20 years of research.
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Tether CEO Paolo Ardoino claims quantum computing will hack Bitcoin in “lost wallets” and return it to circulation — a move one trader warns could drag Bitcoin back to the “stone ages.”
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Zero-knowledge technology continues to be a popular method to scale cryptocurrencies while providing quantum-resistant security.
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Quantum-resistant tokens use cryptography designed to resist attacks from future quantum computers, protecting crypto from potential theft.
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The Solana Winternitz Vault is optional, meaning Solana users will need to choose to store their funds in the Winternitz vaults to be quantum-proof.
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Threat actors using artificial intelligence and scalable quantum computers will see centralized information systems as honeypots.
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In a recent Cointelegraph video, we assessed the risk posed by quantum computing to cryptocurrency, potential solutions, and what investors should do to protect their portfolios.
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The post-quantum era is still “several decades away,” but it could be a net positive for the Bitcoin network’s security.
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Google’s Willow quantum chip challenges Bitcoin’s cryptographic security. Discover potential risks to wallets, consensus mechanisms and the future of blockchain resilience.
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One expert says while Willow is a significant development, it’s still far short of being a threat to crypto encryption, at least for now.
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The new hardware could ultimately host a theoretical algorithm with the potential to transform proof-of-work.
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