Quantum Computers Will Destroy Bitcoin, Scientists Warn

Some computer scientists say #quantumcomputers are moving closer to reality and will cripple #bitcoin ’s encryption systems and doom bitcoin. Governments are investing aggressively in quantum computers, which are ultra powerful. Quantum computers, first theorized by physicist Richard Feynman in 1982, have promised a new era of computing. The theory has only recently translated into significant real-world advances, with #NASA, the CIA and #Google working on a quantum computer. Computer scientists now warn the machines will cripple existing encryption methods and destroy bitcoin’s technological foundations. The End Of Bitcoin? Andersen Cheng, co-founder of Post Quantum, a U.K. cybersecurity firm, told Newsweek that bitcoin will end the day the first quantum computer arrives. He said the quantum computer will undermine the cryptography surrounding bitcoin’s public and private keys.

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