acm-header
Sign In

Communications of the ACM

ACM News

Quantum Computers Will Destroy Bitcoin, Scientists Warn


View as: Print Mobile App Share:
bitcoin, illustration

Credit: Brave New Coin

Quantum computers, first theorized by physicist Richard Feynman in 1982, have promised a new era of computing. The theory has only recently translated into significant real-world advances, with NASA, the CIA and Google working on a quantum computer. Computer scientists now warn the machines will cripple existing encryption methods and destroy bitcoin’s technological foundations.

Andersen Cheng, co-founder of Post Quantum, a U.K. cybersecurity firm, told Newsweek that bitcoin will end the day the first quantum computer arrives. He said the quantum computer will undermine the cryptography surrounding bitcoin’s public and private keys.

From Cryptocoins News
View Full Article


 

No entries found

Sign In for Full Access
» Forgot Password? » Create an ACM Web Account