Quantum computers will kill crypto currency

quantum computers will kill crypto currency

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Quantum Computer to Kill Bitcoin, God, and AI Trading
Yes. Quantum computing could kill Bitcoin. Along with all centralized financial institutions and government institutions. I'm assuming. That. However, despite these concerns, quantum computing still has a long way to go before becoming a viable threat to blockchain technology. What is. Short answer: No. Quantum computing not a threat, in the sense that it threatens the ultimate existence or status of cryptocurrencies now or in.
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First, a malicious actor would need to find the public key. A large enough quantum computer can potentially execute complex algorithms incredibly faster than a current classical computer. However, if they do, the private key can be used again to sign a transaction. It can solve exponential equations, and this added processing power allows for significantly faster processing and needs less energy. Cryptography has always been a race against hackers and there have always been solutions along the way, says Hayter.