Google is reported to have a quantum computer be built in certain calculations easier to handle than any other computer that is on the earth. The breakthrough was caused by worrying about a hypothetical machine that is powerful enough to run modern forms of encryption to crack.
Would this can cause problems for bitcoin, and all of the other thousands of cryptocurrency will be based on the blockchain. Andreas Antonopoulos, do not contribute to the FUD, fear, uncertainty, and doubt, as witnessed by his latest video.
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No effect at all on the cryptocurrency
“What will be the effect on mining, and the crytocurrencywereld in general? Zip, bupkis, nada, it happens to be really nothing. Quantum will now demonstrate the practical use of quantum computing solutions that, for a given problem. This is a little bit different than a quantum computer to use for cryptography, to break them down.”
“This is going to be a good thing, because bitcoin is not the problem. If we are to quantum computing solutions that receive thousands of qubits could run it without the fix and with the consistent results we have a much bigger problem, the bigger problem is that we do have all the encrypted communications of the entire world of off-the-record communications, financial systems, and so on. It all depends on classical cryptography as it is today.”
“And then we have all those systems to upgrade to kwantumbestendig to do. All of these systems are harder to upgrade than in an open blockchainprotocol, such as bitcoin.”
Bitcoin fits in to
Antonopoulos enjoys the confidence of the developers of bitcoin. He is expected to make the algorithm for the digital signatures of the BTC, but to adapt it to the quantum computers.
The author of Mastering Bitcoin is also noted that the hashes are in the future, are less prone to hacking than the digital signature. And is bitcoin the traders themselves are able to do much in order to the potential risks to a minimum.
“It doesn’t matter what the weakness is, if you are in the best practice, but in order to have a bitcoin receiving address, only one can be used. And then all the bitcoins at that address to think, and not to leave it behind, so that the address will never have to use it. This creates a much higher level of protection. The blockchain is the public key will be visible, but it is the place all the way to empty.”
Other priorities
Earlier on we informed you that Google is maybe not a quantum computer, and Antonopoulos, acknowledges that possibility.
“There is a small possibility that some of the intelligence of ten-year-ahead in quantum computing. If that’s the case, we can do that, of course, have no way of knowing, then they might be able to be in the next ten years or so, the digital signature algorithm of a bitcoin is breaking down.
But, the secret services use it as a computer rather than to sensitive, confidential and classified communications from the opposing military forces. Even the operating systems of nuclear weapons, to turn it off.”