Quantum computers could pose a major threat to Bitcoin in 10 years

Quantum computers, including types that support digital currencies, are getting ready to enter our lives. Cryptocurrency technologies are in trouble, researchers say.

A group of researchers at the National University of Singapore speculated on how quickly computers could break Bitcoin’s security.. According to the results of the research, quantum computers may reach the capacity to crack the private keys of digital currencies by early 2027.

Breaking the encryption system of digital currencies such as Bitcoin is impossible using current computers, but it is much faster because quantum computers do not work with values ​​0 and 1. contains a processing power. It is suggested that as the technology of quantum computers advances, the possibility of breaking Bitcoin’s encryption system may arise. there will be no bad news. Anything else that uses private encryption, such as messaging apps, SSL-certified, will be vulnerable to attack.

This is the case provided nothing changes in the way private keys are generated, the researchers said.

Last summer in Pennsylvania Researchers at his University have proposed several ways for stronger private keys that could prevent a possible attack by quantum computers.. On the other hand, it is possible for quantum computers to develop much more slowly than researchers’ models.
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