Can Bitcoin quantum computing break Bitcoin by 2030? Is that really possible? According to the news, Solana’s founder, Anatoly Yakovenko, believes there is an equal likelihood, at 50/50, that quantum computing could undermine Bitcoin’s cryptography by the year 2030. So, in this continuation from VXTORO exchanger, we will dive into the matter of Bitcoin quantum computing.
Who is Anatoly Yakovenko?
MR. Yakovenko is a prominent figure in the field of blockchain technology and cryptocurrency. Also, he is best known as the co-founder and CEO of Solana, too. In the meantime, he was born in the former Soviet Union and later moved to the United States and earned his degree from the University of California, Berkeley, in the fields of engineering and computer science. Also, at his first engineering job, He worked at Qualcomm company. In that company, he contributed to the development of communication protocols and mobile technology.
After that, he built the Solana blockchain and token system and researched Bitcoin quantum computing. Also, under Yakovenko‘s leadership, Solana has gained significant attention for its innovative approach to scalability and speed. But it’s worth saying that the proof of work system in Solana allows it to process thousands of transactions per second that making it one of the fastest blockchains available in the market. This capability has attracted numerous projects and developers to build on Solana!
What is quantum computing?
The field of Quantum computing can leverage the principles of quantum mechanics to process information in fundamentally different ways than classical computers. In the meantime, at the heart of quantum computing are quantum bits that are significantly different from traditional bits. Also, this feature allows quantum computers to perform many calculations at once that will increase their processing power for certain tasks, like Bitcoin quantum computing.
In the continuation, Anatoly Yakovenko says Quantum computing has the potential to revolutionize various fields, like Bitcoin and the blockchain ecosystem! For example, quantum algorithms like Shor’s algorithm can make large numbers exponentially faster than the best-known classical algorithms than before. But building stable and scalable quantum computers is a challenge because of issues like decoherence and error rates. Also, we must all know that technology can change this matter, and cloud computing can change every crypto market forever!
What is Bitcoin quantum computing?
Bitcoin quantum computing refers to decentralized digital currency and quantum computing that will leverage the principles of quantum mechanics. Also, Quantum computers have the potential to perform certain calculations much faster than classical computers that will raise concerns about the security of cryptocurrencies like Bitcoin. In the meantime, the effect of quantum computing on Bitcoin is many. It’s worth saying that if sufficiently powerful quantum computers become available, they could potentially compromise the cryptographic keys that secure Bitcoin wallets and transactions.
But this feature can enable malicious actors to forge signatures and steal funds. Also, in response to these potential threats, researchers and developers are exploring quantum-resistant cryptographic algorithms. But as we mentioned, MR. Anatoly Yakovenko predicts that there’s a 50/50 chance that quantum computing could break Bitcoin cryptography by 2030. However, it’s a prediction that can never happen at that time, or it might happen, nobody knows! But you should keep this prediction in your mind too.
Conclusion
In this news from VXTORO exchanger, we discussed the effect of Bitcoin quantum computing to the year of 2030 that can break Bitcoin cryptography. Also, we discussed who Yakovenko is. But in the end, it’s so important to consider that you must predict and be ready for every possibility that is coming to the market, because technology will never stop! Also, you can read our latest article about Why VXTORO is the best cryptocurrency trading platform, too!
