Will bitcoin be destroyed by quantum computers?

[farhadteshne]

hello to all

The basis of the work (Blockchain) implemented by Bitcoin and other digital currencies is based on mathematical calculations performed by computers around the world.

All of this processing and encryption are now done by classical supercomputers

Now, if Google and IBM really do their promise to make the first quantum computer by the end of 2017, what fate awaits bitcoin and other currencies?

 

personal opinion:

If Bitcoin improves its cryptographic protocol at the right time, it can adapt itself to quantum computers and not only will not be able to overcome it, but its entire network can continue to work at a very high speed, as well as network blockchain will have the ability to fully implement on quantum computers ... so this can be a beginning, not an end!

[rienaflores1363]

Hope so.. im already prepared for it.😍

[Kate]

Hope this doesnt become true lol. But arent computers required by bitcoin ? 

[77kdub]

I really had never thought about it but I really don't for see anything destroying bitcoin.  If quantum computers try to challenge and over throw bitcoin (blockchain) with a better, faster, more efficient crypto currency, then bitcoin will either adapt so that the blockchain will be capable of running on the new technology or face the possibility of being replaced.  People will always try and speculate what's going to happen but a lot of time speculations don't pan out or come to actually be so I guess we will just have to wait and see what actually happens.

[irawk0]

The first quantum computer(s) will have many bugs + EXTREMELY EXPENSIVE. So instead of spending a few thousand dollars on mining equipment, you are probably looking at spending millions for potentially faster bitcoin earning. I'm ok with that, since high investment should equal high returns. 

Don't think many people can afford quantum computers specifically for bitcoin mining tbh, so impact shouldn't be too big

[wry]

I remember reading about this when I first got interested in Bitcoin.  I think the short answer is yes, by being able to crack the encryption protocol that Bitcoin uses quantum computers are a theoretical threat.  But so far, it is just that, theoretical.  Besides there is no reason you couldn't fork Bitcoin to a more quantum resistant protocol once the threat becomes real rather than theoretical.

Plus we're past 2017.... 😀

[williamshennie9]

12 hours ago, farhadteshne said:

end of 2017,

We're at the end of 2018.

Also, I think that quantum computers will help bitcoin grow. They are much faster, and I think bitcoin will run more smoothly on quantum machines