Follow Us @
Quantum Computing does not put Bitcoin at risk, experts guarantee
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.
The advancement of quantum computinga topic that arouses global interest, returned to the center of debate with the launch of Willow chip by Google. Despite the speculation about the possible impacts on the security of Bitcoin, experts assure that the threat is distant.
Among them, Adam Back, co-founder of Blockstream and “friend” of Satoshi Nakamoto, was emphatic in refuting the concerns.
Last week, Chamath Palihapitiya, an engineer and investor, stated that Bitcoin could be vulnerable in a two to five year time frame. if it did not adopt security algorithms resistant to quantum computing.
According to Palihapitiya, it would take around 8,000 Willow chips to compromise the SHA-256 algorithm, which protects the Bitcoin network.
Quantum computing does not affect Bitcoin
However, Adam Back quickly responded to these statements. In your account on social network X, he highlighted that quantum computing is still decades behind the capacity needed to threaten Bitcoin.
According to Back, connecting several 105-qubit chips, like Willow, does not increase quantum entanglement capacity significantly. He stated that a machine Fully functional quantum technology with 1 million qubits is at least 20 years away.
Another point raised by Back is that current quantum computing is “five orders of magnitude” below the capacity needed to break SHA-256. In other words, This means that current technology is 100,000 times less powerful than necessary to threaten the security of Bitcoin.
Furthermore, analysts such as the pseudonym De Facto Monk reinforce Back’s opinion. He explained that creating a machine capable of compromising Bitcoin’s private keys it would require billions of dollars and technology with millions of intertwined qubits. According to him, this not viable in the short or medium term.
Despite the general optimism, experts such as David Battaglia defend the evolution of Bitcoin for a future post-quantum security model. According to Battaglia, even if quantum computing is not an immediate risk, technological progress can accelerate.
Quantum Computing does not put Bitcoin at risk, experts guarantee
Follow TODAYSGIST on Google News and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!
Quantum Computing does not put Bitcoin at risk, experts guarantee
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Quantum Computing does not put Bitcoin at risk, experts guarantee
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
Quantum Computing does not put Bitcoin at risk, experts guarantee
