A widely known cryptographer has poured chilly water on contemporary fears that current advances in quantum computing may endanger Bitcoin (BTC) safety.
Bitcoin versus Google’s “quantum supremacy”
In a Twitter discussion on Sept. 24, ex-Bitcoin Core developer Peter Todd led the criticism, which adopted claims from Google it had achieved “quantum supremacy.”
In a paper seen by the Financial Times, the tech big mentioned it had created a pc that solved an equation which might in any other case take 10,000 years in simply three minutes 20 seconds.
“To our knowledge, this experiment marks the first computation that can only be performed on a quantum processor,” the publication quoted the paper as saying.
Quantum computing has beforehand shaped an space of rivalry for cryptocurrency proponents. In 2019, for instance, specialists dispelled myths that such machines may undermine the safety of the Bitcoin blockchain.
“Nowhere near breaking cryptography”
Similarly, Todd now concluded that monetary impediments to Google’s newest creation alone would preserve Bitcoin free from potential hassle.
“It means nothing because Google’s quantum breakthrough is for a primitive type of quantum computing that is nowhere near breaking cryptography,” he wrote concerning the new achievement.
He added:
“We still don’t even know if it’s possible to scale quantum computers; quite possible that adding qbits will have an exponential cost.”
Earlier this month, particulars emerged that the United States’ National Security Agency, or NSA, was making an attempt to analysis and create quantum-resistant cryptography.
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