Quantum Computing and Bitcoin – Why ‘Q-Day’ Could be Crypto’s Doomsday

Quantum computing is developing exponentially. This technology can solve problems that are unmanageable for even the most powerful classical computers. As these advancements accelerate, the risks for Bitcoin’s security rise by the minute.

In a conversation with BeInCrypto, Naoris Protocol CEO David Carvalho explained that quantum computers will one day be able to break current encryption algorithms, rendering even the most secure wallets breachable. According to him, this reality is imminent, and the crypto industry should have started worrying about it long ago.

Quantum computing represents a groundbreaking area of technology that harnesses the unique principles of quantum mechanics to tackle computational challenges far beyond the reach of traditional computers. 

While still in its developmental stages, this field promises to unlock solutions for incredibly complex problems, performing calculations with speeds that current machines cannot match. 

This new frontier in computing is poised to transform sectors ranging from medicine to cryptography. As a result, it’s also very bad news for Bitcoin and the crypto industry at large. 

Quantum Computers vs Bitcoin?

New research says it might be 20x easier to crack Bitcoin’s encryption than we thought , thanks to Google’s quantum breakthroughs.

We’re still early

No quantum machine exists today that can crack BTC but the timeline just got shorter.

Google’s… pic.twitter.com/atCTWoRrhb