BrunoLorencini
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When Bitcoin is cracked by new Quantum processors, where to invest?
After the previous text talking about the end of Bitcoin, below are some coins that are more complex in architecture than it!
Yes, there are cryptocurrencies that are considered more complex than Bitcoin in terms of technology, functionality, and use cases. Some of these include:
1. Ethereum (ETH)
• Complexity: Ethereum introduced smart contracts, allowing autonomous code to run directly on the blockchain. This makes it a platform for decentralized applications (dApps).
• Use cases: From gaming and NFTs to decentralized finance (DeFi) solutions.
Yes, there are cryptocurrencies that are considered more complex than Bitcoin in terms of technology, functionality, and use cases. Some of these include:
1. Ethereum (ETH)
• Complexity: Ethereum introduced smart contracts, allowing autonomous code to run directly on the blockchain. This makes it a platform for decentralized applications (dApps).
• Use cases: From gaming and NFTs to decentralized finance (DeFi) solutions.
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The End of Bitcoin!
Google's Willow processor is an advanced quantum computing chip capable of performing calculations that would take traditional computers billions of years to perform in just a few minutes. This advancement has sparked debates about the possibility of compromising Bitcoin's security, especially due to its use of the SHA-256 algorithm for mining and ECDSA for digital signatures, which could be vulnerable to attacks by quantum computers in the future.
However, Willow's current capacity, with 105 qubits, is still far from being a real threat. To break Bitcoin's encryption, millions of qubits with advanced error correction would be needed, something that is still beyond the reach of current technology. Experts estimate that quantum computers with the real potential to compromise systems like Bitcoin's could emerge between 2030 and 2050. In addition, the cryptography industry is already developing solutions that are resistant to quantum attacks. So while Willow represents a significant step forward, it still doesn’t have the power to “crack” Bitcoin at the moment.
$BTC
#willow #BitcoinIsDie
Google's Willow processor is an advanced quantum computing chip capable of performing calculations that would take traditional computers billions of years to perform in just a few minutes. This advancement has sparked debates about the possibility of compromising Bitcoin's security, especially due to its use of the SHA-256 algorithm for mining and ECDSA for digital signatures, which could be vulnerable to attacks by quantum computers in the future.
However, Willow's current capacity, with 105 qubits, is still far from being a real threat. To break Bitcoin's encryption, millions of qubits with advanced error correction would be needed, something that is still beyond the reach of current technology. Experts estimate that quantum computers with the real potential to compromise systems like Bitcoin's could emerge between 2030 and 2050. In addition, the cryptography industry is already developing solutions that are resistant to quantum attacks. So while Willow represents a significant step forward, it still doesn’t have the power to “crack” Bitcoin at the moment.
$BTC
#willow #BitcoinIsDie
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