"Bitcoin Could Be in Danger as Quantum Computing Advances"

IBM, Google, and other companies are competing to build the world's fastest quantum computer, a device that could significantly change cryptography as we know it. For their safety and security, communications, banks, and cryptocurrencies rely on robust encryption. One way to measure the power of a quantum system is the number of qubits or quantum-mechanical elements entangled in superposition. Each additional qubit exponentially increases the quantum system's potential processing capacity. Recently, Google announced that its quantum computer has 70 operational qubits. In minutes, this system can complete a task that would take traditional supercomputers decades to accomplish. IBM plans to release 433-qubit quantum systems soon and unveil the world's first universal quantum computer with over 1,000 qubits this year. Quantum computers will provide numerous benefits to society. However, these rapid developments should cause cryptocurrency enthusiasts concern. This article continues to discuss the potential threat to Bitcoin posed by quantum computing advances.

Cybernews reports "Bitcoin Could Be in Danger as Quantum Computing Advances"