Quantum Computer May Effect The Crypto

By HowToVids | Crypto Blockchain News | 26 Oct 2019


Its an era of development the thing those were not possible in the past. They are possible nowadays. Lots of development is still going on. Different companies and institutions are working on developing new things to meet the requirements of the modern age. In these developments, some achievements are so big that it may change the whole situation or in other words, they are game-changer.

Google the biggest Search Engine and the well-renowned company also tries to do new things. Now they have claimed that they have developed a Quantum Computer. That has the capacity to perform a work of 10,000 years in just 200 Seconds. In their official blog, they said that: “ We developed a new 54-qubit processor, named “Sycamore”, that is comprised of fast, high-fidelity quantum logic gates, in order to perform the benchmark testing. Our machine performed the target computation in 200 seconds, and from measurements in our experiment we determined that it would take the world’s fastest supercomputer 10,000 years to produce a similar output.”

It's good that Google achieved this milestone but according to some experts its also a danger for the crypto industry. One of those is Patrick Dai, CEO of Qtum said “Quantum computing will impact many forms of encryption including SHA-256, which is used by bitcoin. Since Bitcoin has value, people will have more of an incentive to attack it. However, I believe many easier encryption algorithms will be broken first and alert the community that it’s time for a change,”

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