researchers experts majority from Singapore claim that Key protocols securing technology undergirding bitcoin are “susceptible to attack by the development of a sufficiently large quantum computer and how to protect against them..
One particular area at risk are cryptocurrencies,” the abstract notes. “according investigation the risk of Bitcoin, and other cryptocurrencies, to attacks by quantum computers. We find that the proof-of-work used by Bitcoin is relatively resistant to substantial speedup by quantum computers in the next 10 years,” the paper declares. This, they claim, is “mainly because specialized ASIC miners are extremely fast compared to the estimated clock speed of near-term quantum computers.” Claim by Singapore Quantum Experts.
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