How serious is the threat that quantum computing poses to blockchain technology, and what can be done about it?
The science of quantum physics is being used to build quantum computerspowerful machines that have the ability to solve incredibly complex mathematical equations much more quickly than even the most advanced computers available today.
As such, any data thats encrypted using mathematical equationsincluding banking data, intelligence data protected by the government, and encrypted messages on cell phonesis vulnerable to being exposed by quantum computing. Most notably, in this case, encrypted cryptocurrency datasuch as private wallet keysare also vulnerable to quantum computing technology.
Is Bitcoin doomed?
This is just another FUD that keeps circulating throughout the crypto space and the crypto ecosystem. If you think quantum computing technology has the power to put blockchain technology at a risk, you should present real facts and evidence backing this assumption of yours. This is not enough to prove that quantum computing technology can be a threat to blockchain technology and cryptocurrency.