Bitcoin's Future is Threatened by Quantum Computers!
Technological developments are taking from one side while giving from the other. The crypto money generated by the development of the internet is threatened by the quantum computers that will survive the age with the rapidity of the development of the material science. How Does? Let's look at it together.
Two technologies that shape the future face: cryptocracy and quantum computers that power their power with block chains and investors. The province is the basis of independent economic systems. The second one makes the vulnerabilities more vulnerable to attack.
Epics are written at different corners of the computing world and according to experts, crypto money will determine the economic systems of the future. There is a need for computers and internets to keep this economic system away from centralism, which is not controlled by any state. It even started to become safer than traditional financial methods and banks.
Divesh Aggarwal and his colleagues from Singapore National University researchers have a remarkable research on the subject two revolution of knowledge. The team underlined how quantum computers could threaten Bitcoin's future.
Bitcoin's internet presence depends on digitizing the data with mathematical algorithms. Every transaction that is made supports block chains numerically. Encryption protocols made for security make it impossible to create block chains with today's computers.
Cryptocracy is being deceived:
Aggarwal and colleagues examine the threats against cryptocracy under two headings. First, high-speed quantum computers can be mined much faster than existing computers. The second is the potential of these computers to shatter the security barriers of crypto systems like a wall made of wafers.
Quantum computers are so fast and powerful that if a person entering the mining business starts to work with quantum computers, then the crypto can control 50% of the money mining. Research suggests that within the next 10 years, mining will be cut off from standard systems and made by quantum computers. At present quantum systems, which can not be incorporated into consumer electronics, will gradually replace the computers in our homes and pockets.
The second and most important title, when it comes to destroying today's encryption keys, is all of security measures that are part of Bitcoin's security protocol. Although these two encrypted systems are robust against existing attack options, quantum computers can change game rules.
According to the data, when we come to 2027, quantum computers will cut the security walls of the cryptocracy like wafers. This security threat is not only specific to Bitcoin, it has similar security measures in almost everything connected to the internets.