Quantum Computing’s Threat to Crypto May be Further Out Than Thought
(Bitcoin) The important question for those in the crypto space is worry about quantum computer breaking their private keys. This article claims there’s little evidence the problems being solved by this technology have much utility in cracking encryption where cryptos are concerned.
In a recent report Dr. Subhash Kak, Regents Professor of Electrical and Computer Engineering at Oklahoma State University, noted in a recent report that there are issues such as “noise” and error correction that render the buzz about quantum supremacy when it comes to Bitcoin, still largely theoretical. “These companies are trying to build hardware that replicates the circuit model of classical computers. However, current experimental systems have less than 100 qubits. To achieve useful computational performance, you probably need machines with hundreds of thousands of qubits,” states Dr. Subhash Kak in a recent article.
The strength of practical quantum computing can also be seen as its Achilles heel. Because it can process so many variables, these seemingly endless variables also open the door for greater potential error. While it is unclear exactly how far classified government and high-level scientific developments in quantum computing may have come by now, as far as the educated observer can tell, it seems there’s a long way to go before the Bitcoin network may be in danger.