Quantum Threat Could Split Bitcoin—Analyst Warns Politics, Not Tech, Is The R...

The development of quantum computers may spell the doom of Bitcoin. Bitcoin is dead! It has been predicted 112 times already. There is even a website that keeps track of all these obituaries. The latest prophecy predicts the death of Bitcoin once quantum computers make an entry. This plausible prediction comes at the time when Bitcoin is going strong, rebounding from a recent dip in its price following the BitFinex hacking incident. The threat of quantum computers on Bitcoin was predicted by Andersen Cheng, the co-founder of a UK-based cyber security firm, Post Quantum. He was quoted by a....

Efforts are under way to develop the world’s first operational quantum computers, which will mark a literal quantum leap forward in technology. The Australian quantum computing startup Silicon Quantum Computing revealed Friday that it has constructed the world’s first atomic-scale integrated circuit that will power a new breed of computing machines. While that’s an impressive feat […]

At TOKEN2049 Singapore, Capriole Investments founder Charles Edwards set aside his well-known Bitcoin bullishness to deliver an unambiguous warning: a quantum “Q-Day” could arrive far sooner than most of the industry expects, with potentially existential consequences if Bitcoin’s core cryptography is not upgraded in time. “Within two to eight years, a quantum machine will break […]

Is quantum computing threatening Bitcoin sooner than expected? On Wednesday, Microsoft unveiled its first quantum computing chip, dubbed “Majorana 1.” While the tech community has long speculated about Google’s next-generation quantum effort—often referred to as “Willow”—Microsoft’s announcement places renewed focus on the looming question: Can Bitcoin survive the accelerated push toward million-qubit machines? Microsoft claims […]

Some computer scientists say quantum computers are moving closer to reality and will cripple bitcoin’s encryption systems and doom bitcoin. Governments are investing aggressively in quantum computers, which are ultra powerful. Quantum computers, first theorized by physicist Richard Feynman in 1982, have promised a new era of computing. The theory has only recently translated into significant real-world advances, with NASA, the CIA and Google working on a quantum computer. Computer scientists now warn the machines will cripple existing encryption methods and destroy bitcoin’s technological....