The National Security Agency of the United States (NSA) is apparently working on developing a cryptocurrency which will be quantum resistant. As a claim made in a tweet by Bloomberg Technology showed, NSA is building a new cryptocurrency which will shake things up in the crypto industry.. The tweet was originally made by the reporter William Turton on September 4, who was present at the ... Google has claimed they were able to create the first quantum computer in the world. Can this be a threat to Bitcoin? Several people were concerend by the possibility that quantum computers could disrupt the crypto network, but Peter Todd, an ex- Bitcoin Core developer, doesn’t agree with them.. To understand why Todd doesn’t believe that this will be an issue, it is important to ... This has lead to controversy between Bitcoin and Google’s Quantum Supremacy that continued in a twitter discussion dated on 24 September. When ex-Bitcoin developer Peter Todd led the criticism of Google achieving its Quantum supremacy. As per the claims made in the Financial Times, the proposed computer can solve an equation that may generally take 10,000 years to solve in just 3 minutes 20 ... Even if quantum computers are ever capable of effectively take part in the crypto mining process of a blockchain, it still remains to be seen whether that would truly be a problem. According to a report from the QAN Platform an attack on the Bitcoin network would still be useless, even if an attacker would use a quantum computer. This has something to do with the way the SHA256 encryption ... Schwartz predicts that quantum computer systems will begin to develop into an issue inside the subsequent 10 years. In a chapter of the Trendy CTO podcast, Ripple’s CTO, David Schwartz, expressed considerations in regards to the improvement of quantum computer systems. Ripple’s CTO believes this expertise is a risk to the safety of Bitcoin ... Back in 2015, the NSA ... However, a quantum computer would be able to break this kind of cryptographic shield in a matter of days. While this threat is only theoretical now, it can materialize in about a decade. The idea behind quantum computers is to go beyond the limits of traditional computers by leveraging quantum mechanics — a field in physics that describes the behaviors and laws on a ... However, it should be said that, according to several experts, Bitcoin would already have the characteristics to resist quantum computer attacks. Anyways, there are no further details regarding the NSA’s new cryptocurrency project, except for the confirmation by the director Neuberger about the fact that the agency is already working on it.
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