Is This New Technology the Biggest Threat to Crypto?
- Quantum Assets
- Sep 26, 2021
- 1 min read
Updated: Dec 8, 2021
Quantum clouds are gathering on the horizon for the crypto industry.
There's a technological race going on: blockchain vs. quantum computing. Theoretically, major leaps in quantum computing could undermine the whole cryptocurrency industry -- just as that nascent blockchain technology is entering the mainstream. But crypto experts are already working on new coding that's quantum-proof.
If you thought it was difficult to get your head around blockchain technology, quantum computing is a whole other story. It would be easy to say it could revolutionize everything because, well, it's quantum. But that's not totally true.
Quantum computing will be able to address certain issues really well -- as in millions of times faster than current computers. And the challenge for crypto is that quantum computers will eventually be really good at cracking cryptographic keys. Read the full article to learn more.
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