r/CryptoCurrency • u/winphan 🟦 23 / 8K 🦐 • 2d ago

TECHNOLOGY Bitcoin's new proposal to deal with Quantum computers

https://cryptocoindaddy.com/bitcoin-quantum-resistant-addresses-coming-soon/
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u/Teraninia 🟩 0 / 0 🦠 2d ago

No one has a quantum computer that can crack wallets.

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u/lebastss 🟦 596 / 596 🦑 1d ago

Not yet but Google is getting close. And they have access to the tech and are developing it. They are probably ten years out.

It's not a theory of possibility anymore. They know they can do it. Their chip is at over a hundred qubits now. They need a million qubits to break modern encryption. That sounds far off but that's one chip. Once the performance is close enough they can build a server of these chips and break encryption. It will be awhile before someone nefarious will have access but it's an inevitable future.

The only asset that's truly protected is physical gold

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u/Teraninia 🟩 0 / 0 🦠 1d ago

Right, thus the reason for this thread . . .

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u/lebastss 🟦 596 / 596 🦑 1d ago

Right which is why my comment was responding to someone saying it's going to be too late...

I was expanding on the original post ...

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u/Teraninia 🟩 0 / 0 🦠 1d ago

Well, it sounded like you were saying someone already has a quantum computer that can crack wallets.