The newest version of the “infancy,” Amit Mehra of Borderless Capital, a venture-capital firm, believes quantum computing may pose a danger to Bitcoin in the very near future.
Mehra told Cointelegraph that Borderless Capital follows the same trends as other companies, when asked about this at Global Blockchain Congress Dubai 2020. “diving deep into quantum compute” Look at the way companies are developing quantum resistant technology.
Mehra believes that the development of quantum computing may take up to the end decade. He said that people still tend to underestimate how quickly technology evolves.
“Given the recent advancements which have happened in chip technology, in compute tech, and in the power of doing compute in a decentralized way, it [quantum computing] is definitely a problem. If not imminent […] in the very near future.”
Quantum computing uses the principles of quantum physics The technology will eventually be able to handle information faster than today’s computers. Although the technology has not yet matured, it is expected to eventually become a reality. break the encryption Developers are being pushed to come up with new ways of protecting cryptocurrency and sensitive data. post-quantum security standards.
Charles Edwards is the founder of Carpriole – a fund that invests in digital assets and Bitcoins. Edwards believes the current situation is urgent. The industry should implement solutions immediately before it’s too late.
He posted on X Oct. 15th. “If Bitcoin doesn’t solve Quantum in the next year, Gold will keep outperforming it forever.”
“It is an emergency and we need to choose a solution next year,” He has written.
Related: Google announces quantum advantage, 13,000 times faster than supercomputers
Preparing to face the threat of quantum threats
Quantum computing isn’t just a concern for Edwards and Mehra.
SUI Research has published its July 2017 Report unveiled a new cryptographic framework designed to safeguard blockchains from quantum computing threats — without the need for hard forks, new addresses or key resets.
The new solution is not a fix for Bitcoin and Ethereum.
According to reports, the US Government is currently preparing for a major military operation. considering investing in quantum computing To protect the national interest.
The October Report Bloomberg The US Department of Commerce could allocate money to the emerging technology to remain competitive with China.
Magazine: Bitcoin white paper turns 17 as first red October in 7 years looms for BTC
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Source: cointelegraph.com
