Google says quantum computing will crack bitcoin cryptography sooner than expected, estimating a 10% chance of…
Google researchers predict that quantum computers could crack the cryptography protecting Bitcoin and other cryptocurrencies much sooner than previously estimated, potentially by 2032. A quantum computer with fewer than 500,000 qubits could be sufficient, a significant reduction from earlier projections. This poses a substantial threat to public-key cryptography, particularly for cryptocurrencies which offer less recourse against fraudulent transactions.
- Entities
- Company: IBM
- Topic: Quantum Computing
- Topic: Cryptocurrency
- Game: Ethereum
- Game: Bitcoin
- Topic: Cryptography
- Company: Google
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