Will Quantum Computing KILL Bitcoin??

The threat of quantum computing is one of the most common concerns raised regarding the security and longevity of the Bitcoin network. Find out if Bitcoin is at risk and what can be done to prevent it.

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Timestamps:
00:00 Intro
00:09 What is Quantum Computer?
00:56 Quantum Computing vs Blockchain Technology
01:39 Types of Qbits
02:15 Protection against Quantum Computer
03:57 Outro

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#quantum #quantumcomputer #quantumcomputing #quantumtechnology #bitcoincryptocurrency #bitcoin #cryptocurrency #animation #crypto #blockchain #coingecko

[CoinGecko]

Do you think Bitcoins are safe around Quantum Computing?

[CrossXvamki]

There is a saying amongst Bitcoiners.

If quantum computing can break bitcoin blockchain, it probably can break banking systems too. To which, we have bigger problems to worry about.

[BinaryCloudChaser]

If they can atack BTC ... your bank, computer, email is also not safe ... why people speak only about BTC

[ddddaaddaaaa]

if quantum computing will be used to disrupt Bitcoin. it can be used to protect Bitcoin as well.

[chigumata]

I think if we were not alive, nobody could believe the evolution's speed of tech at these times...

[crystalgaming]

0:08 I can definitely read all that in .2 secs

[Vt]

Bitcoin is an open source project, there are cryptographic algorithms resistant to quantum computers. They will probably fork to a Bitcoin version that incorporates this cryptographic algorithm

[markwebber]

I enjoyed the video! It uses some of the results from my paper without reference - on the qubit requirements to break bitcoin. The paper is very technical but figured I would share it here anyway. I commented earlier but I think it was flagged or removed, not sure. Cheers! You can find the paper by searching its title - "The impact of hardware specifications on reaching quantum advantage in the fault tolerant regime"

[dynamicrainmakers]

Why not use the quantum computers for blockchain? After the error issue is resolved it seems like going to the qubit is only an evolutionary step for cryptocurrencies.

[topedoworks]

Meanwhile my banks atm still using windows xp.

[kevintaal]

QANplatform is the real solution to quantum threat. BTC isn't really working on any solution and the threat is getting closer every day.

[cubertmiso]

3:18 making nodes to support a fork is easy task when there's a valid reason. in this case quantum resistant algo is supported in a heartbeat in the main chain.

[CEOofCTOs]

I'm not an IT guy, but what about dynamic keys that produce random keys constantly making it near impossible for QCs to solve? even if theh crack it, the next key replaces it rendering the previous inaccessible?

[Katelin-pz]

Great content, as always! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?

[ama-tu-an-ki]

It can BREAK BTC blockchain AND if the attacker as a collective owns >50%, it can also rewrite it. Modern banking systems are being made PQCP by changing algos. BTC ECC and SHA-256 are harder to change, because it breaks address space and more.

[acid_flash]

1) Сеть Bitcoin не взломать таким способом, потому в алгоритме заложен потолок на выпуск, периодичность и регулирование сложности,
а прощая комиссия добытчикам идёт от транзакций в сети (возможно это основной доход, потому что bitcoin почти весь выпущен и уже в дефиците, но он делится на части).
2) Через некоторое время QPU (квантовые вычислительные блоки) будут в составе обычных CPU, по аналоги с NPU, VPU и FPU.
QPU будет использоваться в традиционных ЦП как ASIC для ускорения специфических задач.
Например GPU работает с полигонами, но это не мешает её вычисления адаптировать для кодирования (сжатия) звука и прочего, для ускорения при меньшем потреблении энергии.

[helloojune]

Cellframe coin working on quantum computing to help Bitcoin from this problem

[Philson]

Yeah but game theory tho. Why attack a blockchain rather than mine on it?

[MrCoreyTexas]

The random scatter dot effect at 1:20 with the woman holding the private key looks exactly like TempleOS's shading effect. RIP, Terry Davis.

[CRYPTOTIGERGROWL]

Quantum computing will help to make thing faster, but btc will remain forever.