• 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

10 months 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

Poland Revives Cryptocurrency Regulation

chest

Poland's parliament has passed comprehensive crypto industry legislation after an earlier rejection.

user avatarMaya Lundqvist

Chase DeMoors Triumphs Over Andrew Tate at Misfits Boxing Event

chest

Chase DeMoors has emerged victorious against Andrew Tate at the Misfits Boxing main event held in Dubai.

user avatarZainab Kamara

Traders Utilize Automated Strategies on Polymarket for Consistent Income

chest

A group of technically sophisticated traders is generating consistent income on Polymarket using automated and algorithmic strategies.

user avatarTando Nkube

Aster Coin Faces Challenges Despite Positive Developments

chest

Aster Coin has struggled to maintain momentum after losing key support levels, but recent protocol updates may signal potential recovery.

user avatarAyman Ben Youssef

HYPE Coin Emerges as Top Performer in Cryptocurrency Market

chest

HYPE Coin has seen remarkable growth, becoming a leading altcoin with significant user engagement and trading volume.

user avatarSon Min-ho

Understanding APY in Crypto Investments

chest

The article explains the significance of Annual Percentage Yield (APY) in crypto, highlighting the differences between traditional savings and crypto yields.

user avatarKofi Adjeman

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.