Years ago I read about the potential danger of quantum computing for Bitcoin, I'm aware that before bitcoin gets **** up, many other things like banks and governments get fucked up earlier. However, I was wondering if anything changed in the last few years and whether quantum computing has progressed lately. Is it still a threat, will there be a solution? Thanks!
I read an article recently on quantum computers and came to know that it will at least take about 8-10 more years for functional quantum computers to be available in the market for sale. So we don't have to worry about bitcoin's current encryption method for at least until quantum computers are alive.
Apart from that they also mentioned that with the rise of quantum computers will rise encryption methods that will be quantum proof.
Obviously the SHA256 encryption method which bitcoin uses currently will be easily breakable by quantum computers but when the developers switch to quantum proof encryption then there will be no stop to bitcoin.