Will Quantum Computing Destroy Bitcoin? I DevTeam.Space [Video]

Wondering if quantum computing will destroy bitcoin or blockchain? This is a very interesting question that we will answer here.

With Google claiming to have reached quantum supremacy, the technology of quantum computers may not be very far off.

Quantum computers can do what today‘s computers can‘t

You can see that the Bitcoin blockchain achieves the three security objectives because today‘s computers have limited computing ability. This is because the current computing technology uses ’Bits‘, i.e. the smallest unit of storing information.

A ’Bit’ can only have a ’0′ or a ’1′ at any given point in time. The entire gamut of current computing algorithms is built on processing these ’0’s or ’1’s. Read more about ’Bits’, i.e. ’Binary Digits’, in this Computer Hope definition.

However, quantum computing, a technology currently in a research and development phase, doesn’t rely on ’Bits’. It uses ’Qubits’, i.e. ’Quantum Bits’. Qubits can hold a ’0′, a ’1′, and a superimposed state of both, all at the same time.

This creates a completely different …