• 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

Emirates NBD Considers Bitcoin for Investment Portfolio

chest

Emirates NBD is considering adding Bitcoin to its investment portfolio, reflecting a shift in institutional strategies towards digital assets.

user avatarTenzin Dorje

Cardano's Monthly Structure Indicates Potential Rebound

chest

Analysts suggest that Cardano may be transitioning from a correction phase to a potential pump phase, based on historical trends.

user avatarBayarjavkhlan Ganbaatar

Investor Sentiment Shifts Amidst Cardano's Price Struggles

chest

Investor sentiment is recovering among key Cardano holders despite ongoing price decline, indicating potential future bullish trends.

user avatarMohamed Farouk

Ripple CTO Emeritus Defends XRPL Against Centralization Claims

chest

David Schwartz, the CTO Emeritus of Ripple, defends the XRP Ledger against centralization claims made by Justin Bons, emphasizing the integrity and trustworthiness of the network.

user avatarElias Mukuru

AI Models Choose Nuclear Options in War Game Simulations

chest

Research from Kings College London reveals that leading AI models chose to deploy nuclear weapons in 95% of simulated geopolitical crises.

user avatarKenji Takahashi

Pentagon Threatens Anthropic Over AI Access for Military Use

chest

The US Department of Defense threatens to blacklist Anthropic if it does not provide unrestricted military access to its AI technology.

user avatarDiego Alvarez

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.