Quantum Computing and the Risk It Poses to Cryptocurrencies
Quantum computing is a new type of computation that uses qubits and quantum algorithms. Researchers are increasingly studying its potential impact on cryptocurrencies, especially because it can challenge the cryptographic systems that keep blockchains secure. The main concern comes from Shor's algorithm. If a sufficiently powerful, fault-tolerant quantum computer is developed, Shor's algorithm could break the mathematical problems that support the Elliptic Curve Digital Signature Algorithm (E...
Quantum Computing and the Risk It Poses to Cryptocurrencies
Quantum computing is a new type of computation that uses qubits and quantum algorithms. Researchers are increasingly studying its potential impact on cryptocurrencies, especially because it can challenge the cryptographic systems that keep blockchains secure. The main concern comes from Shor's algorithm. If a sufficiently powerful, fault-tolerant quantum computer is developed, Shor's algorithm could break the mathematical problems that support the Elliptic Curve Digital Signature Algorithm (E...
