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Quantum Computing Threats Loom Over Bitcoin's Future Security
Google claims that quantum computers will make it 20 times easier to crack Bitcoin. Researcher Craig Gidney has stated that breaking the RSA encryption algorithm underlying crypto wallets will require fewer than a million qubits, with previous estimates around 20 million. However, the genuine threat remains distant — IBM's Condor, the most powerful quantum computer today, has 1121 qubits, and Google's Sycamore has 53 qubits. Despite this, in early May, BlackRock highlighted quantum computing as a potential long-term security risk for Bitcoin.
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AI Analysis
Currently, the discussion around quantum computing and its impact on Bitcoin primarily revolves around the potential to break cryptographic algorithms that secure the network. Google's assertion that ...
AI Recommendation
Investors and developers should prioritize preparing for the advent of quantum-resistant cryptography. Although today's quantum computers are not yet capable of weakening Bitcoin’s security, proactive...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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