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RE: Is All the Buzz about Quantum Computing Killing Bitcoin Hogwash? Well...PROBABLY!!!

in LeoFinance • 3 years ago (edited)

Judging from this write, the whole concept of the Quantum computers and computing is quite interesting and caught my attention, but I've got a little concern and a question to ask.

looking at the possibility of a certain billion Qubits being able to crack a Bitcoin private key, don't you think such tool will be very dangerous in the wrong hands, and could also be disastrous(I mean to those in possession of large amount of Bitcoins) if not properly handed??

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3 years ago in LeoFinance by
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     3 years ago  

    Unfortunately in this day and age, anything powerful in the wrong hands is dangerous. David Chaum, writing for Cointelegraph warned:

    Perhaps most terrifying for a society so reliant on the internet, quantum-level computing puts all of our digital infrastructures at risk. Our contemporary internet is built on cryptography⁠ — the use of codes and keys to secure private communication and storage of data.

    [Chaum, D. Without quantum security, our blockchain future is uncertain. (Accessed April 25, 2022)

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