• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Quantum Computing Changes the Game: How Microsoft May Affect Bitcoin's Security

user avatar

by Giorgi Kostiuk

a year ago


Quantum computing continues to evolve, and Microsoft's recent advancements could potentially affect Bitcoin's security. This article explores how this technological breakthrough could change the world of cryptocurrency.

Microsoft's Technological Breakthrough

This week, Microsoft unveiled the Majorana 1 chip, capable of supporting up to a million qubits on a single chip due to topological superconductivity. This could lead to significant changes in the field of quantum computing and its practical applications.

This could bring us much closer to practical, large-scale quantum applications.

Impact on Bitcoin Security

While quantum computing currently has no practical applications, Microsoft's achievements could be a turning point. According to the investment firm River, quantum computers have the potential to crack Bitcoin addresses if they reach the equivalent of a million qubits. Such a breakthrough could put a significant amount of Bitcoin at risk.

Experts' Views on the Future

Microsoft estimates that reaching the million-qubit milestone is possible by the end of the current decade. This could spark active discussions about the future security of Bitcoin in a world where quantum computing becomes more advanced. Some experts note that hundreds of millions of qubits are required for a substantial threat to Bitcoin's security, but the introduction of Majorana 1 today brings important questions about the post-quantum future of cryptocurrency.

Advancements in quantum computing could significantly impact Bitcoin's security. While this threat is more theoretical at present, Microsoft's new developments prompt questions and discussions about the future of cryptocurrencies in the age of quantum technology.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

World Liberty Financial Introduces DeFi Platform World Liberty Markets.

chest

World Liberty Financial has launched its first decentralized finance web application, World Liberty Markets, providing on-chain lending and borrowing services with its dollar-pegged stablecoin, USD1.

user avatarTenzin Dorje

Backpack Exchange's Unified Prediction Portfolio Bridges Trading Gaps

chest

Backpack Exchange's Unified Prediction Portfolio allows users to trade on real-world event outcomes while integrating these markets with traditional crypto trading.

user avatarFilippo Romano

New VASP Registration Requirement for Crypto Apps in South Korea

chest

Google's new policy mandates that cryptocurrency exchange and custodial wallet apps must submit a VASP declaration to the FIU to remain available on the Play Store.

user avatarTomas Novak

Google Play Store to Enforce New Crypto App Regulations in South Korea

chest

Starting January 28, 2025, the Google Play Store will block downloads and updates for unregistered cryptocurrency exchange and custodial wallet apps in South Korea.

user avatarEmily Carter

Ethereum Transaction Fees Hit Record Lows

chest

On Monday, the average transaction fee on the Ethereum network dropped to an all-time low of 0.15, a stark contrast to the 11 fee recorded just a year ago.

user avatarKaterina Papadopoulou

Institutional Flow's Impact on Volatility Skew Dynamics

chest

The latest report highlights the significant influence of institutional investors on the volatility skew in the options market.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.