• 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

DTCC to Expand Digital Asset Services in 2024

chest

DTCC plans to expand its digital asset services in 2024 by enhancing recordkeeping capabilities through blockchain technology.

user avatarSatoshi Nakamura

CFTC Withdraws 2020 Guidance on Digital Asset Delivery

chest

CFTC withdraws 2020 guidance on digital asset delivery, enhancing US market adaptability and competitiveness.

user avatarJesper Sørensen

Ankr's Support Vital for Chiliz Blockchain Growth

chest

Ankr plays a crucial role in supporting the infrastructure of the Chiliz blockchain, aiding its growth in the Web3 space.

user avatarLucas Weissmann

Chiliz CHZ Reaches Key Support Level Indicating Potential Price Surge

chest

Chiliz CHZ has found solid support at a critical price level, suggesting a possible price increase of up to 200%. Analysts are closely monitoring the cryptocurrency as it has reached a critical price support level.

user avatarRajesh Kumar

CFTC Provides Regulatory Relief for Event Contracts

chest

The CFTC's staff issued a no-action letter providing relief on data reporting obligations for binary and variable payout event contracts executed on QCX LLC.

user avatarFilippo Romano

Redefining the Emergency Fund Standard

chest

Redefining the Emergency Fund Standard

user avatarEmily Carter

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.