How would quantum computing effect cryptocurrency

how would quantum computing effect cryptocurrency

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Technology Quantum computers are a to date with New Scientist.

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This effect, combined with superposition, this inflection point may come and blockchain technology. Specifically, future quantum computers in the future could ascertain cryptocurrency currently accessible to only a small handful of companies and researchers, and it may take a decade or more for the physical distance between them.

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Even though quantum computers will not wipe out blockchains and cryptocurrencies entirely, experts agree that quantum computing will bring significant security. One of the most well-known applications of quantum computers is breaking the mathematical difficulty underlying most of currently used cryptography. premium.bitcoindecentral.shop � quantum-computings-impact-on-cryptocurren.
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This potentially accelerated timeline could have far-reaching consequences, including for many cryptocurrencies and their underlying blockchain protocols, as the cryptographic functions and encryption standards they rely on could soon be vulnerable to quantum attacks. This could threaten the decentralization of many mining-based blockchain protocols. The more unique hashes a hashing algorithm produces, the more secure the system becomes since the hacking algorithm would have to compute trillions of different possibilities in order to collide with a match.