Finance News
By Evie Vavasseur
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CoinShares just dropped a bombshell. The digital asset manager claims quantum computers would need to get 100,000 times more powerful before they could actually break Bitcoin's…
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That's a pretty massive leap in computing power we're talking about here. The report came out today and basically says all the worry about quantum computers destroying Bitcoin is…
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Quantum computing sounds terrifying. But it's not there yet.
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The whole quantum threat thing has been buzzing around crypto circles for months now. People keep asking if these super-fast quantum machines will crack Bitcoin's encryption and…
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Bitcoin's security relies on mathematical problems that regular computers can't solve in any reasonable timeframe.
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Industry folks are split on this. Some think the quantum threat is total nonsense, while others want everyone to start panicking and building quantum-resistant systems right now.
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IBM's throwing a quantum conference on February 15th where they'll talk about all this stuff.
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So what's the real timeline here? CoinShares thinks we're looking at ten years minimum before quantum computers get powerful enough to pose a real threat.
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The European Union is pouring €1 billion into quantum research through something called the Quantum Flagship initiative.
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Meanwhile, NIST in the US is already working on quantum-resistant encryption standards. They think new standards might be ready by the late 2020s, which would give industries…
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The crypto community isn't sitting around waiting either. Developers are already researching quantum-resistant algorithms that could protect Bitcoin and other cryptocurrencies if…
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But here's the thing - no quantum computer exists today that can challenge Bitcoin's security. Not even close.
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CoinShares didn't say exactly what they might do if quantum computers do become a real threat. They're probably keeping their cards close to their chest on that one.
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The quantum computing field moves fast, but not that fast. Building stable quantum systems with enough qubits to threaten Bitcoin is an engineering challenge that could take…
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Right now, quantum computers are more science experiment than existential threat. The 100,000x power increase CoinShares talks about isn't happening anytime soon.
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