888-384-7144 info@insidequantumtechnology.com

Will Bitcoin Keep Up As Two-Chip Teleportation Research Moves Forward?

By IQT News posted 08 Jan 2020

(BeingCrypto) A recent two-chip teleportation experiment enabled information to be transmitted without normal systems raised questions for cryptocurrency and Bitcoin. Taking this system to a larger scale still remains quite elusive. However, the researchers were able to create a four-chip system that could process information in similar ways.
Traditional computers would require hundreds of trillions of operations to break Bitcoin’s SHA-256 encryption. Quantum calculations, however, would require a little over 2 million operations to find the same information.
While this does pose some risk, other factors are certainly at play. A supplemental cryptography protocol could potentially be added to the Bitcoin network via a softfork, which would limit quantum computing effectiveness.
Regardless of the potential for loss, development is a major step forward in technology. Whether Bitcoin will be required to make changes to protect the network, though, remains to be seen.

Subscribe to Our Email Newsletter

Stay up-to-date on all the latest news from the Quantum Technology industry and receive information and offers from third party vendors.