Everything that currently exists right now will need to be retrofitted. And that is a big, big job. It’s a bit trite to say, but… equate it to the whole Y2K issue…
Thanks to Shor’s algorithm, cryptocurrencies will be exceptionally vulnerable to a future quantum computing attack.
It has long been a concern that quantum computers could one day undermine Bitcoin and other crypto mining networks, but how realistic is that threat?
Everyone was stunned when the new mayor of New York City Eric Adams announced he was planning to receive his first three paychecks in Bitcoin, the cryptocurrency that’s been dominating the financial headlines for the past year. The mayor of Miami, Francis Suarez, had already announced he would accept his first paycheck 100% in Bitcoin. The mayoral announcements are still more signs that cryptocurrencies are no longer esoteric investments for the super-rich (or super-crooks) but have entered the financial mainstream. Back in May Deutsche Bank pronounced Bitcoin the third biggest world currency in terms of circulation. Only the euro and the U.S. dollar are bigger.
The introduction piques our interest. Quantum computing may be here in 5 years – or 15 years – and that has been said for a
Bitcoin.com announced that it will be listing a quantum-resistant cryptocurrency, the Crown Sovereign, on the Bitcoin.com Exchange in late September. Protected with a next-generation approach to One-Time Pad encryption, the Crown Sovereign ensures the timeless protection and value of users’ sensitive data, even alongside the emergence of quantum technology. The launch is a significant achievement for Crown Sterling as it seeks to empower data sovereignty in the dawn of quantum computing with next-generation AI encryption products.
Here’s How Quantum Computers Will Really Affect Cryptocurrencies Read More… + There’s been a lot of focus recently on encryption within the context of cryptocurrencies.
01 Communique partners with ixFintech and Polydigi Tech to augment ixWallet against mounting cyber security risks 01 Communique Laboratory Inc. (TSXV:ONE)(OTCQB:OONEF) (the “Company”) one of
Quantum to Commercialize Its First QRNG Product to Address Cybersecurity Threats in the Data Centers, Blockchain and Bitcoin Industries Quantum Numbers Corp. (“Quantum” or the
Easy to understand, broad ranging, and a quick read for the unfamiliar. Recommend reading it from the source. Because Quantum is Coming. Qubit Use a
