Explained
Quantum computing could enable the reverse engineering of private keys from publicly exposed ones, putting the security of Bitcoin holders at risk.
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 computing-focused Project Eleven raised $6 million to develop tools like Yellowpages that aim to secure Bitcoin against quantum attacks.
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Unless Bitcoin upgrades its core cryptography in the next five years, the trust it has built over 16 years could be wiped out by a single quantum attack. Urgent upgrades are needed to protect the world’s leading cryptocurrency.
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Strategy’s Michael Saylor says even if a legitimate quantum computing threat emerged from a tech giant, it won't be released.
4742 - Explained
BlackRock’s quantum computing warning serves as a call to action for the cryptocurrency ecosystem to address the looming challenges.
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Quantum computing firm Project 11 is offering 1 BTC to anyone who can crack a “toy version” of Bitcoin’s cryptography through quantum computing.
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The asset manager added a detailed overview of quantum computing threats to the risk disclosure in its Bitcoin ETF's regulatory filing.
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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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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.
2535 - Explained
Quantum-resistant tokens use cryptography designed to resist attacks from future quantum computers, protecting crypto from potential theft.