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A Looming Threat to Bitcoin: The Risk of a Quantum Hack
It is not uncommon for MSN to rerun articles from The Wall Street Journal. without the requirement of a paywall. I'll keep tabs on this.
A Looming Threat to Bitcoin: The Risk of a Quantum Hack
Researchers warn a quantum-computing attack on cryptocurrency would cause trillions in losses
By Alexander Osipovich
https://twitter.com/aosipovich
alexo@wsj.com
Updated Dec. 23, 2024 12:16 am ET
Bitcoin’s rally faces a risk that isn’t on the radar of most crypto investors: quantum computing.
The nascent technology, which drew attention this month after Google claimed a breakthrough with its new Willow quantum-computing chip, could one day enable hackers to break the encryption that keeps bitcoin secure. Such a hack could torpedo bitcoin’s price, by allowing thieves to swipe coins out of supposedly secure digital wallets.
{paywall}
Researchers warn a quantum-computing attack on cryptocurrency would cause trillions in losses
By Alexander Osipovich
https://twitter.com/aosipovich
alexo@wsj.com
Updated Dec. 23, 2024 12:16 am ET
Bitcoin’s rally faces a risk that isn’t on the radar of most crypto investors: quantum computing.
The nascent technology, which drew attention this month after Google claimed a breakthrough with its new Willow quantum-computing chip, could one day enable hackers to break the encryption that keeps bitcoin secure. Such a hack could torpedo bitcoin’s price, by allowing thieves to swipe coins out of supposedly secure digital wallets.
{paywall}
3 replies
= new reply since forum marked as read
= new reply since forum marked as read
