Just days away from the end of the year 2019, we have decided to make a summary of a topic that has generated a taboo during the year. We refer to the relationship between the cryptocurrencies and Quantum Computing. Making emphasis on the issue of the alleged threat against Bitcoin by this technology.
Contents
Context
Starting the article by reminding us that we have one dedicated to explain about that is quantum computing. However, for context, to explain that in basic terms, are computers that have an algorithm that exponentially accelerate any task. In addition, there are currently few computers that qualify as quantum computing, with the IBM and Google. Which differ is that the first has a commercial approach, therefore, is limited. While the second, being Google, has an academic goal. Implying that it has a higher power and scalability. Recalling that it was the quantum computer of Google, which carried out a task in 3 minutes, while the super computer Summit would take 10,000 years.
Discussion
You can see then that quantum computing has a power of enormous. However, when calculations at hyper speed, people began to question if this would be a threat to the technology Blockchain. Therefore, in the face of uncertainty is generated a fear that quantum computing can break Bitcoin from its location in the chain. For this reason, there have been various times where the price of the currency it has been said that falls by a news quantum. However, it has not been proven if quantum computing can solve the codes generated by the cryptography associated to Bitcoin or the technology Blockchain. Therefore, it is a fear that has no basis for the moments. This is the idea which have been raised by various experts during the year, such as Andreas Antonopoulos and Vitalik Buterin. Coinciding in the opinion that to solve the code of Bitcoin is not a question of thousands of years, but of thousands of millions. Therefore, the quantum computing do not see it as a threat against the cryptocurrencies. However, the criticism that people do is that they are not experts in that area. Therefore, a researcher decided to conduct a study to prove the theory that quantum computing is not a threat.
Expectations
To finish up, at present it is expected that, by 2020, quantum computing will develop considerably. Even competing with the technology in vogue at present, the Artificial Intelligence. We invite you to leave in the comments your opinion on the matter, particularly the issue of the threat against Bitcoin. The following two tabs change content below. I am a student of economics, interested in innovation and technological development, always faithful to that tomorrow will be a better day.