Bitcoin Faces Quantum Computing Challenge
Bitcoin, a symbol of financial freedom, is at risk due to quantum computing.
A report by the Human Rights Foundation (HRF) warns that cryptographically relevant quantum computers (CRQCs) could compromise Bitcoin's security.
These machines can solve mathematical problems exponentially faster than classical computers, potentially cracking Bitcoin's proof of ownership cryptography.
- Google researchers demonstrated a quantum algorithm performing operations 13,000 times faster than a classical supercomputer.
This milestone suggests that the theoretical risks of quantum computing could soon become practical, putting billions at risk.
Author's summary: Bitcoin's security is threatened by quantum computing.
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