With the potential to perform more advanced calculations and create more complex processing networks, quantum computers also pose new risks of compromising the most sophisticated cybersecurity systems.
Quantum computing has been one of the horror stories for bitcoin enthusiasts for a while now. Experts have repeatedly argued that this new tech would endanger the very existence of the network, which no one has managed to hack since its launch.
Physicists at the Russian Quantum Center have created and tested the world’s first ‘quantum blockchain,’ an unhackable system for distributed data storage.
Eugene Kaspersky, the head of Kaspersky Lab, believes that even if cryptocurrencies get widely accepted, it is unlikely to happen earlier than â€śin five hundred years,â€ť and only in the form of some analogs of what we know today.