A number of experts have denied Forbes’s statement that Google’s quantum computing threatens the crypto industry.
Google will not be able to destroy cryptocurrencies with its supercomputer, said reputable expert Andreas Antonopoulos. He said that the invention of the corporation is unable to crack Bitcoin cryptographic algorithms, reports The Daily Hodl.
Antonopoulos explained: “ What is the effect on mining and the cryptocurrency world in general? Zip, bupkis, nada, nothing really happens. Quantum supremacy – what Google described – is demonstrating the practical applicability of quantum computers to certain classes of problems. Those classes of problems are not the same class of problem we’re talking about when we talk about breaking cryptography. ”.
Earlier, Forbes magazine published an article stating that Google’s development in the field of quantum programming could pose a threat to the crypto industry. It is believed that the computing power of quantum supercomputers will be enough to decrypt the cryptographic algorithms underlying the cryptocurrency. But Peter Todd, the developer of Bitcoin Core, claims the opposite
Todd said in his Twitter account.
Moreover, this year Google published a report on advances in quantum programming. The report said that the corporation’s supercomputer was able to perform calculations in 3 minutes and 20 seconds, which would have taken the most powerful computer out of 10 thousand years, according to the Financial Times.