• 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

Details of the Proposed OP Buyback Mechanism Unveiled

chest

The Optimism governance team has unveiled details of the proposed OP buyback mechanism, which aims to redirect 50% of Ethereum revenue generated by the Superchain sequencer over a 12-month period.

user avatarSon Min-ho

Optimism Community Votes on Groundbreaking OP Buyback Proposal

chest

The Optimism community is voting on a proposal to allocate 50% of Superchain sequencer revenue for OP token buybacks.

user avatarAyman Ben Youssef

Hedera's Technical Advantages with Hashgraph Technology

chest

Hedera's unique hashgraph technology offers faster transaction speeds and lower costs, operating on a directed acyclic graph structure.

user avatarKaterina Papadopoulou

Institutional Adoption of Hedera Accelerates with Pilot Programs

chest

Banks and central banks are piloting projects on Hedera, indicating growing institutional adoption.

user avatarMaya Lundqvist

Investors Advised on Strategies to Avoid Losses

chest

OnChain Mind emphasizes the importance of patience and longer trading intervals to avoid losses in cryptocurrency markets.

user avatarTando Nkube

Remittix Facilitates Cryptocurrency to Cash Transfers

chest

Remittix aims to enable users to convert cryptocurrency into cash for banking transfers.

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.