'What is the Impact of Quantum Computing on Blockchain and Cryptocurrency?' by clichemag quantumcomputing cryptocurrency
using Shor's algorithm. While the security algorithms used today would take 10 billion years to decrypt, Quantum Computing algorithms would not take more than ten seconds for the task.*:* Today, Machine Learning and Artificial Intelligence are two of the latest concepts with the highest technological capabilities possible.
Besides cryptocurrency, Blockchain is widely used in many state-of-the-art technologies, such as FinTech, NFT marketplaces, DeFi, Metaverse, cybersecurity, supply chain management, healthcare, IoT , and identity management. A quantum computing compromise on Blockchain cryptography would thus result in total disaster as there is so much at stake globally.
The following points show the implications of Quantum Computing growth for blockchain technology and cryptocurrency.IBM has recently introduced a 127-qubit processor, considered amongst the largest quantum processors. The plan is to move up to 1000 qubits by 2023. With Google announcing plans to go up to a million qubits by 2029, the foundation of blockchain technology seems to be on a weak footing.
Therefore, one can say that Bitcoin is quantum-safe as of today, but no one can predict the future. The internet has taken 30 years to reach this position from scratch.Quantum computers can work at unimaginable speeds. For example, is a concern because it can factor large numbers into two-component primes, crucial to breaking RSA encryption.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Study examines the budgetary impact of expanding Medicare eligibilityLast week, the Congressional Budget Office released a new study, requested by SenSanders, chairman of the Senate Committee on the Budget, examining the effects of a policy that would lower the age eligibility for Medicare from 65 to 60.
Les mer »
Yankees use social media to highlight impact of gun violenceAfter using their Twitter account to highlight facts about gun violence instead of live game coverage on Thursday, the New York Yankees will also reportedly focus their attention on anti-gun violence initiatives in the Bronx.
Les mer »
Surgeon describes 'lifetime impact' of treating Texas shooting victims“I feel so bad for those families,” he said, “and guilty, to some degree, that they don’t have their children and I do.”
Les mer »
Yankees, Rays Shut Down Game Coverage on Social Media to Highlight Impact of Gun ViolenceThe Yankees and Rays opted to suspend social media updates during their game on Thursday, instead using their platforms to raise awareness about gun violence.
Les mer »
City Council is backing a new relief package to soften the impact of rising property assessmentsA veto-proof majority has already signed on to the proposal, making it Council's most unified response to the news that residential assessments are rising 31%.
Les mer »
Potential instant impact sleepers from the Seahawks’ 2022 draft classThe 2022 Seattle Seahawks draft class saw the organization bring in nine new players, five of which came on Day 3 of the draft. It is always expected that outside of special circumstances like...
Les mer »