04-02-2022, 05:45 AM
Quantum computer solves Bitcoin's algorithm for the first time in history, BTC drops
<!-- SC_OFF --><div class="md"><p>New research team has built a quantum machine with 13 million qubits that cracked Bitcoin encryption.</p> <p>Scientists from the University of Sussex in the UK have built quantum systems with 13 million qubits, which was sufficient enough to break the cryptographic algorithm (SHA-256) that secures the Bitcoin blockchain within the space of 24 hours.</p> <p>The ability to break the encryption protecting the Bitcoin network allows researchers to catch transactions and reroute coins into their own wallet.</p> <p><a href="https://www.techradar.com/news/quantum-computers-may-be-able-to-break-bitcoin-sooner-than-you-think">SOURCE1</a></p> <p><a href="https://www.youtube.com/watch?v=dQw4w9WgXcQ">SOURCE</a></p> <p>As noted by Mark Webber, lead researcher on the project, advances in quantum computing are inevitably rendering modern encryption redundant, it was a mistake to assume that information encrypted today would remain secure tomorrow.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Underrated321"> /u/Underrated321 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ttzm52/quantum_computer_solves_bitcoins_algorithm_for/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ttzm52/quantum_computer_solves_bitcoins_algorithm_for/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>New research team has built a quantum machine with 13 million qubits that cracked Bitcoin encryption.</p> <p>Scientists from the University of Sussex in the UK have built quantum systems with 13 million qubits, which was sufficient enough to break the cryptographic algorithm (SHA-256) that secures the Bitcoin blockchain within the space of 24 hours.</p> <p>The ability to break the encryption protecting the Bitcoin network allows researchers to catch transactions and reroute coins into their own wallet.</p> <p><a href="https://www.techradar.com/news/quantum-computers-may-be-able-to-break-bitcoin-sooner-than-you-think">SOURCE1</a></p> <p><a href="https://www.youtube.com/watch?v=dQw4w9WgXcQ">SOURCE</a></p> <p>As noted by Mark Webber, lead researcher on the project, advances in quantum computing are inevitably rendering modern encryption redundant, it was a mistake to assume that information encrypted today would remain secure tomorrow.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Underrated321"> /u/Underrated321 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ttzm52/quantum_computer_solves_bitcoins_algorithm_for/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ttzm52/quantum_computer_solves_bitcoins_algorithm_for/">[comments]</a></span>Kind Regards R