Will Quantum Computing Break Bitcoin & Cryptocurrencies?


 

A close in-depth look at the effects of quantum computing on cryptography, blockchains, and cryptocurrencies.

Over the past few years, top computing companies including Google and IBM have been working on quantum computers – the most advanced and most powerful computers. These computers are built using the science of quantum physics allowing them to solve complex mathematical equations faster than normal computers and even the best of supercomputers today.

The advancement of quantum computers makes all encrypted data vulnerable to hacking and theft. In this article, we discuss the development of quantum computers and why “quantum supremacy” might be the end of cryptography, blockchain technology, and cryptocurrencies as we know them.

Hint: It has to do with security.

So, what is quantum computing and how do supercomputers work? What does crypto have to do with them?

Continue reading in the NOWPayments blog.

 

 

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