The Protocol: A Quantum Threat to Bitcoin?

Quick Summary:

If quantum computers like Willow reach a scale where they can easily factor in large numbers, they could potentially break these encryption schemes, compromising wallet security and transaction integrity.

NEED FOR SPEED: Polygon Labs claims its newest proving system, Plonky3, is the fastest on the market.(Vitalik Buterin, Ethereum's creator, apparently agrees.) A proving system is at the core of zero-knowledge rollups, and a crucial component for transactions that rely on cryptographic security.

That was the sentiment for some on Monday as the internet giant unveiled Willow, a quantum supercomputer that can perform certain computational tasks in just five minutes that would take classical supercomputers an astronomical amount of time—specifically, 10 septillion years (or one followed by 24 zeroes; a trillion trillion).10,000,000,000,000,000,000,000,000.

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Article Details

Author / Journalist: Marc Hochstein

Category: Crypto

Markets: United StatesCuba

Topics: Tech Google Quantum Computers Polygon Quantum computing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 19:45:44 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 1325 words

Reading Time: 8 minutes read

Sentences: 60 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24360985

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