Quantum computing will break bitcoin?

[gentzalli]

Google announces their Quantum chip - 'Willow' which is looking like it could power one of the most powerful computers in existence. So far this isn't close enough to real 'quantum computing' that is needed to break Bitcoin encryption, but at some point the tech will be good enough. What are your thoughts?

https://twitter.com/x/status/1866486491335270589

 

[Gogol]

Yeah, this is what came to my mind after reading the article shared by @RoiBox the other day about this new quantum processor.

Thread 'Meet Willow, the new quantum chip - It is fast.'
https://www.blackhatworld.com/seo/meet-willow-the-new-quantum-chip-it-is-fast.1666023/

Deducing private key from your public key (read, wallet address) shouldn’t be far fetched. But I am sure new standards of encryption will come when the quantum computers go mainstream.

 

[Dopious]

But I am sure new standards of encryption will come when the quantum computers go mainstream.

Thats why todays crypto coins are funny money only with no real value as is.

 

[anyitian]

Cryptocurrencies are more like a concept, and the success now proves that the concept is correct, and the technology can be upgraded

 

[alurosu]

We're at stage 2 out of 6. Would not worry about it for now. Give it more time.

 

[Gogol]

Cryptocurrencies are more like a concept, and the success now proves that the concept is correct, and the technology can be upgraded

Think about having to change the public key/private key of every crypto wallet, haha. It will be an insane situation if not totally out of control.

 

[WAndreas]

That's why they suggest freezing the oldest Satoshi wallets with outdated security.

 

[cheetahogreen]

Quantum computing could eventually pose a threat to Bitcoin’s encryption, but it’s likely years away, and the crypto community is already exploring quantum-resistant algorithms.

 

[tosune]

By the time this processor can be ran in full force BTC’s private keys encryption will most likely have been upgrades way before.

 

[moonshine7000]

If quantum computers actually work the whole Internet is in danger https uses cryptography to encrypt data,not only bitcoin.Why these stories only attack bitcoin.

 

[doctorjones]

Since Bitcoin is open source and people vote to implement updates, most likely sometime in the future there will be a quantum-resistant update that people could vote on

 

[marshmallej]

Quantum computing could eventually threaten encryption systems, but we're still years away from it being powerful enough to break Bitcoin's encryption, giving time for security advancements.

 

[billythebilly]

BTC will need an update to solve it

 

[Nur Hassan]

The announcement of Google's new quantum chip, "Willow," is a significant milestone in quantum computing. It underscores how rapidly the field is advancing and opens up discussions about the transformative potential—and challenges—of this technology.

 

[SeasonedCode]

they only managed to keep it running for about seconds if I remember well
quantum computers need particular circumstances to run, and not anyone will be able to have a quantum computer

they won't break crypto only but all the internet and we will be back to 90's age

 

[moonshine7000]

I hate hearing this bullshit narrative everytime BTC price goes up

 

[natsuko]

Quantum computing is definitely a game-changer in terms of computational power, and while Google's 'Willow' chip is impressive, we're still a few years away from quantum computers being able to break Bitcoin's encryption. Bitcoin uses SHA-256, which is currently considered secure against classical computing. However, once quantum computing reaches a certain level, it could potentially break this. For now, Bitcoin's security is fine, but it’s something to keep an eye on as quantum technology evolves

 

[Gudvin777]

Bitcoin is unlikely, access will be limited to that level of computer.

 

[MoonStarz]

thec is goindd crazy and moving really fast and a almost quatum computer is a huge improvement and is better than no quatum computer just imaginie how security imprrovements will have to be how the moderm technology will change specially AI.