A lot of public and private interests are pouring a lot of money into quantum computing right now, and there have been significant breakthroughs in the technology in the last few years that has made it possible for people to start thinking about practical applications. Quantum computers are attempting to crack encryption algorithms such as Elliptic Curve Digital Signature Algorithm (ECDSA) that Bitcoin runs on - putting the entire ecosystem at risk if the emerging technology is successful in becoming commonplace.
A quick look at some of the emerging concepts coming out of research institutions and their potential effects on the crypto market as a whole.
Projects like QRL and Doge Protocol are two exciting quantum-resistant projects that I'm following. Thanks for the share.
RyanTanaka
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@nanomop8 yep, good idea to keep an eye out for projects like those just in case. you never know
ilia-kalia
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It has been discussed multiple times. Quantum computers will not harm BTC, since: 1) BTC can easily be updated to post-quantum algos, that will prevent it from being breached. Everyone will vote for that. 2) QC can’t effectively mine.
RyanTanaka
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@ilia-kalia in theory, yes. But Bitcoin supporters have been resistant to the idea of forking for a while now so they're at a disadvantage should this become a reality.
But this stuff is still years down the line so nothing to worry about yet. Just something to keep in mind