Will Quantum Computing KILL Bitcoin??

Рет қаралды 147,042

Күн бұрын

The threat of quantum computing is one of the most common concerns raised regarding the security and longevity of the Bitcoin network. Find out if Bitcoin is at risk and what can be done to prevent it.
Related Videos 📺
How Public and Private Key Work In Your Crypto Wallets
👉 • How Public and Private...
Browse Our BEST Videos 🔥
What Is Web 3.0? 👉 • What Is Web 3.0? Is We...
Top 10 Crypto Airdrops in 2023 👉 • Top 10 FREE Crypto Air...
Top 6 AVAX Crypto Projects 👉 • What Is Avalanche (AVA...
Solana vs Ethereum 👉 • Solana Vs Ethereum: Wh...
Links 🔗
CoinGecko: www.coingecko.com/
GeckoTerminal: www.geckoterminal.com/
Timestamps:
00:00 Intro
00:09 What is Quantum Computer?
00:56 Quantum Computing vs Blockchain Technology
01:39 Types of Qbits
02:15 Protection against Quantum Computer
03:57 Outro
Download CoinGecko App!📱
iOS: gcko.io/coingecko-ios
Android: gcko.io/coingecko-android
Follow us!
Twitter: / coingecko
Instagram: / coingecko
TikTok: / coingeckotv
Telegram: t.me/coingecko
Subscribe to CoinGecko's Newsletter! 📩
landing.coingecko.com/newslet...
_____________________________
#quantum #quantumcomputer #quantumcomputing #quantumtechnology #bitcoincryptocurrency #bitcoin #cryptocurrency #animation #crypto #blockchain #coingecko

Пікірлер: 301

@CoinGecko 7 ай бұрын

Do you think Bitcoins are safe around Quantum Computing?

@nitemare1525 7 ай бұрын

Yes I do and the devs will make upgrades to safeguard bitcoin for sure

@csabaguzsik83 7 ай бұрын

I'm not sure about that. And thats enough for me to accumulate QANplatform's QANX instead of Bitcoin. DYOR!

@carriagereturned3974 6 ай бұрын

there's already quantum resilient algorithms for blockchains to use and it is just a matter of update. And no, bitcoin is not the best (yet it is most valued), it is not cutting edge, it is already obsolete.

@r8raq 5 ай бұрын

Just search via Pieter Wuille's talking about "All PQC Schemes have larger keys &/or signature compared with ECC", and think it over why Pierter, as one of the most famous bitcoin developers, have said so! Is that a first barrier for bitcoin to upgrade to quantum resistant? or how hard for these "larger" to be implemented on bitcoin? Then you can figure out a little bit how hard it'll be bitcoin to be quantum-proof! Actually, bitcoin is the hardest staff to migrate to quantum resistant, not only including that "algorithms have larger" tech side, but also including consensus! @@nitemare1525

@anna3046 3 ай бұрын

@CrossXvamki Ай бұрын

There is a saying amongst Bitcoiners. If quantum computing can break bitcoin blockchain, it probably can break banking systems too. To which, we have bigger problems to worry about.

@jpesicka999 Ай бұрын

It can’t. An attacker could never control the majority of the network. We are so passed that threat in my opinion

@thebiglebowski6965 Ай бұрын

Why is that?

@jpesicka999 Ай бұрын

@@thebiglebowski6965 because the attacker would have to outpower the majority of the network to have power over it. The miners and those who run a node are far too fast of a network to be outdown by an outsider at this stage. You couldn’t change the proof of work unless you could go back and re-mine all the other blocks ever mined. The blockchain is an immutable trust network at this point it won’t be unwoven it could only at best be slowed down temporarily by the largest of threats. Even if the internet went offline the blockchain could be rebooted and all the proof of work would be there where they last left off.

@Und34d_R Ай бұрын

Industry already has those figured out. All it takes for systems to stay ahead of quantum computers is to rotate encryption keys faster than the quantum attackers can factor and break them. Tech is already here.

@kevintaal4616 Ай бұрын

This is so wrong. A bank can migrate easily to post quantum cryptography. BTC is hard to fork and there's no way to migrate all the coins in dead or sleeping wallets (millions!) to wallets encrypted with pqc private keys. Check out QANplatform for answers.

@BinaryCloudChaser Ай бұрын

If they can atack BTC ... your bank, computer, email is also not safe ... why people speak only about BTC

@JustRallax Ай бұрын

Btc can be mined, not your bank 💀

@BinaryCloudChaser Ай бұрын

@@JustRallax THey talk about your Private keys, to steal satoshis 1 million coins.

@Und34d_R Ай бұрын

There are already quantum resistant algorithms in the wild. Any system that can be updated can implement them now.

@rnd1sir347 Ай бұрын

@@JustRallax true banks print at will (central ones) 😂😂😂

@battulga91 Ай бұрын

All or most banks and email providers will probably update their encryption to be quantum proof before they get exploited. Can the same happen for BTC?

@ddddaaddaaaa Ай бұрын

if quantum computing will be used to disrupt Bitcoin. it can be used to protect Bitcoin as well.

@ChineseRatfaceCHANG Ай бұрын

Please explain how. There is no way to stop someone cracking your key and it happens even these days, see the bitcoin puzzles where people crack keys to obtain btc. As soon as the Computing power and electricity cost benefit is there, it's over for bitcoin.

@ddddaaddaaaa Ай бұрын

@@ChineseRatfaceCHANG If quantum computers are powerful enough to crack Bitcoin hash, then we can use it to secure the blockchain as well. grade school explanation. no need for complex examples.

@ddddaaddaaaa Ай бұрын

@@ChineseRatfaceCHANG you're referring to hardware wallets, aren't you? that's a different story. I'm referring to Bitcoin's blockchain. you can control it if you can have the 51% of the hash rate. controlling this needs high computing power or a huge amount of money.

@rekt862 Ай бұрын

@@ddddaaddaaaaso basically you mean the network of bitcoin can be hacked if "someone" Controlling the 51% hash rate?

@rekt862 Ай бұрын

To protect the network or the btc wallet?

@chigumata 7 ай бұрын

I think if we were not alive, nobody could believe the evolution's speed of tech at these times...

@mixoh Ай бұрын

If u were noy alive u would.give absolutely zero f*cks about anything at all.

@markwebber5371 Ай бұрын

I enjoyed the video! It uses some of the results from my paper without reference - on the qubit requirements to break bitcoin. The paper is very technical but figured I would share it here anyway. I commented earlier but I think it was flagged or removed, not sure. Cheers! You can find the paper by searching its title - "The impact of hardware specifications on reaching quantum advantage in the fault tolerant regime"

@Vt12365 Ай бұрын

Bitcoin is an open source project, there are cryptographic algorithms resistant to quantum computers. They will probably fork to a Bitcoin version that incorporates this cryptographic algorithm

@goodguy9787 Ай бұрын

Yea but the problem is that all previous transactions will have been hashed with breakable encryption, therefore they can be altered.

@goodguy9787 Ай бұрын

Also its not just encryption Grovers algorithm can be used as a way to dominate all mining on the block chain with a sufficient size qpu

@Vt12365 Ай бұрын

@@goodguy9787 So what?

@Vt12365 Ай бұрын

@@goodguy9787 Why does this matter also? As long as the hash rate among miners is distributed and decentralised it doesn’t matter. E.g Everyone will just use Grover’s algorithm to mine Bitcoin.

@Vt12365 Ай бұрын

@@goodguy9787As long as the hash rate is distributed…. It doesn’t matter

@cubertmiso 12 күн бұрын

3:18 making nodes to support a fork is easy task when there's a valid reason. in this case quantum resistant algo is supported in a heartbeat in the main chain.

@amirshr Ай бұрын

good explanation!

@kevintaal4616 Ай бұрын

QANplatform is the real solution to quantum threat. BTC isn't really working on any solution and the threat is getting closer every day.

@mailtoajm 5 ай бұрын

Andreas Antonopolus..not Antony

@user-benefactor 10 күн бұрын

Nice video!

@yotu9670 27 күн бұрын

Well made video nenn!!! 4:17

@AlexDhyan 3 ай бұрын

the era of qbitcoin is coming

@helloojune6456 Ай бұрын

Cellframe coin working on quantum computing to help Bitcoin from this problem

@Mr00934 12 күн бұрын

is it iso 20020?

@shiyasali5812 Ай бұрын

Which are the quantum computing based cryptos?

@areefhakimi8189 Ай бұрын

loop network

@dynamicrainmakers8794 7 ай бұрын

Why not use the quantum computers for blockchain? After the error issue is resolved it seems like going to the qubit is only an evolutionary step for cryptocurrencies.

@awesomeness7117 4 ай бұрын

Quantum computing is still very young, it currently consumes too much energy and too many resources to build one, and at this lvl there are too many errors to correct in the programming that you can't do like a traditional computer, takes a long time

@galeru Ай бұрын

That's the thing though. If you read any papers on the legitimacy of the industry of quantum computing itself. It's dubious at best. Cos everyone's is being all secrecy with each other. Everything is proprietary. Everyone is accusing each other of fraud. Companies are investing tons of money into it cos they don't have a choice. A couple of them could very well be pouring money into duds or the next Theranos. The middle ground could be neuromorphic computing which would be more powerful than traditional computing, but less powerful than qubit techs. Quantum + neuromorphic = we probably created an intelligent life.

@wswilsch Ай бұрын

Quantum computing is not in everything more efficent than actual computers. For example mining with quantum computer is not more efficient than mining with AISICS

@NatureEU 2 ай бұрын

awesome

@pokemandem5436 27 күн бұрын

The moment we have quantum computers that are commercially viable, there'll be no need for money.

@topedoworks 29 күн бұрын

Meanwhile my banks atm still using windows xp.

@CanRau 22 күн бұрын

Yeah one of the scarier things 😢

@troywhite6039 Ай бұрын

There will always be a learning curve with any new tech, so also newER tech will take it's place.

@lukasdragun2893 Ай бұрын

Hardfork will be needed

@user-zz1df5ol9u 28 күн бұрын

Yes

@tiaci6492 Ай бұрын

Bro What if quantum computer do mining btc?

@rufuspipemos 29 күн бұрын

The last Bitcoin, the 21st million, will be mined before those computers become that powerful.

@stevedom1 26 күн бұрын

@@rufuspipemos they already are that powerful!!

@powerball200 Ай бұрын

Hiw to program or how to make quantum computing

Ай бұрын

Oh you little bad boy :)) you want to break the btc? You can build your own quantum computer by yourself, but I will keep my secret)

@powerball200 Ай бұрын

@ 😞

@CRYPTOTIGERGROWL Ай бұрын

Quantum computing will help to make thing faster, but btc will remain forever.

@MRRIGHTORWRONG773 Ай бұрын

Yes it will

@AliKhan-pb7ny 29 күн бұрын

Qanx is the crypto tackling that issue 🎉

@olelervag Ай бұрын

$Qubic 🚀

@acid_flash Ай бұрын

1) Сеть Bitcoin не взломать таким способом, потому в алгоритме заложен потолок на выпуск, периодичность и регулирование сложности, а прощая комиссия добытчикам идёт от транзакций в сети (возможно это основной доход, потому что bitcoin почти весь выпущен и уже в дефиците, но он делится на части). 2) Через некоторое время QPU (квантовые вычислительные блоки) будут в составе обычных CPU, по аналоги с NPU, VPU и FPU. QPU будет использоваться в традиционных ЦП как ASIC для ускорения специфических задач. Например GPU работает с полигонами, но это не мешает её вычисления адаптировать для кодирования (сжатия) звука и прочего, для ускорения при меньшем потреблении энергии.

@CitsVariants Ай бұрын

Wrong

@acid_flash Ай бұрын

@@CitsVariants prove :)

@user-bv4qn2pc8y Ай бұрын

🔥cellframe🔥

@vipul6304 Ай бұрын

No need to crack the private keys. From the sratch, it could generate all the private keys in sequence, massive random private keys (hash) generation will keep connecting to some random bitcoin wallets. And they will only move the coin when the attacks will begin

@benjaminforexcycle1189 26 күн бұрын

Bitcoin dev will be amongst first users of quantum computers, and when they do we will have a wallet address that is quantum computer efficient.

@Lucia76846 Ай бұрын

etuktuk is making waves in 2024! 🚗💵

@itslike123 Ай бұрын

They simply upgrade the wallet to 200 phrase instead of 12 whatever that is

@-E-M-M- Ай бұрын

It will make faster transactiina

@gippula Ай бұрын

Maby Qanx can help cryptos to be safe.

@ronaldmcdonald9538 22 күн бұрын

Did I just see schrodingers cat?!😂

@MrDoyley35 Ай бұрын

Destroy the very thing that can monetise quantum computing? That would be very dumb. Mining btc with a quantum computer would be very bullish for the price and security of the network. If someone was clever enough to build a quantum computer they would also understand that mining bitcoin with such a computer would make them one of the richest people on earth. Quantum computing as a threat to bitcoin is a very short sighted argument.

@CitsVariants Ай бұрын

U dont know what ur saying

@EdgarRoock 3 ай бұрын

I dig the animation.

@lizard45c 28 күн бұрын

It's shit

@69Suluk Ай бұрын

By that time, crypto engineers will have solved the issues posed by quantum computing.

@tadassiksnius3402 2 күн бұрын

MCM will see its day 😊

@benjaminstart6770 Ай бұрын

What happens when theres no more bitcoin to mine and miners have no incentive to carry on mining blocks? If there are no miners then there are no miners to validate transactions?

@ElixirEcho Ай бұрын

They also get paid to validate transactions. In fact, there has been many times where the transaction pay out were greater then the reward for finding the next block.

@pedropimentel5486 Ай бұрын

the last block will be mined around 2140 so... we dont no

@wswilsch Ай бұрын

@@pedropimentel5486the last Bsatoshi is mined in 2140, but defenitly not the last block.

@makemoneywithgeek1430 Ай бұрын

They will still get the transaction fees

@stefvb2032 Ай бұрын

Nope…for mining you need shaders…

@BullsEye3333 2 ай бұрын

His name is Andreas Antonopoulos.Not Anthony.

@gamering2354 Ай бұрын

i hope🙏🙏🙏🙏🙏

@weathercontrol0 Ай бұрын

If you don't reuse your addresses (which you shouldn't), your coins are safe from any quantum computer

@TacoDelRay Ай бұрын

I am 99% sure you stole the assets to make that thumbnail from Kurzgesagt.

@allaneder3836 7 ай бұрын

Buy Quantum Résistant Legder coin ! 😉

@tradngcrypto3877 2 ай бұрын

Suggest me anyone of them

@wswilsch Ай бұрын

I don‘t make sense to do that

@JustRallax Ай бұрын

It’s impossible for a coin to be resistant to quantum computers, they can split their resources and make it seem like a bunch of smaller computers

@kayodeoladipupo5378 7 ай бұрын

🎉🎉

@Philson 7 ай бұрын

Yeah but game theory tho. Why attack a blockchain rather than mine on it?

@chazdean201 5 ай бұрын

Think North Korea. Bad actors have no intention of participating just stealing.

@sofuno863 4 ай бұрын

governments would make the impossible to use it to eliminate the blockchain world.

@JustRallax Ай бұрын

Mining it would be the whole reason it would be destroyed

@gioelegatti4558 Ай бұрын

No need to worry because gaming theory came into play, there’s non advantage to hack btc network so even if one could there’ll be 0 reward in doing that. Btc was safe even before quantum computing was invented.

@stratosphereartstudio Ай бұрын

No problem. Gold is gold and will remain after BTC will go zero. There is no need of quantum nothing. It s enough to end up with Internet.

@hongkongerAbroad Ай бұрын

Bitcoin: crypto impossible to crack Quantum computing: crack every possible code

@sultanmehmoodghaznavi6312 Ай бұрын

don't worry by that time I'll make a quantum block chain!

@yt-xo4lb Ай бұрын

1 volt bit minus 0 volt is 1 volt.

@ericharrison6418 Ай бұрын

Governments and banks are already doing a pretty good job of suppressing Bitcoin.

@Sempe001 Ай бұрын

Be part of the space Ethernity cloud,a crypto with great potential #ECLD

@denistabara2210 Ай бұрын

XX Network is the solution, from David Chaum with love :)

@IsaacNewton80735 28 күн бұрын

Probably not. Quantum computing could be benefical for crypto world, like faster transactions

@arielrglaze Ай бұрын

the. Lament Satoshi’s wallet is cracked, I think people will be more afraid of the nuclear codes being hacked. There are tons of things more important than BTC at stake with quantum computers.

@Caesq_r Ай бұрын

just don't commercialize quantum computers...

@begaqincer Ай бұрын

This stuff getting too deep .Just let me know when to sell

@PonzRL Ай бұрын

Hahahahahaha

@floriangoldschmied9231 Ай бұрын

Why would you sell, lol...

@wswilsch Ай бұрын

You don‘t have to sell. When we see that quantum computing is near to break the algorithmus you safe have another 10 years to update Bitcoin. You need only a softfork. Than you send your Bitcoin to a new Adress and everything is safe again

@bloodyorphan Ай бұрын

LOL, only if you , like Intel, use Numberology !

@ryananderson8576 Ай бұрын

Wow Bitcoin double since this video was posted

@Itsmereacting 15 күн бұрын

This next era will be cool because Ai with quatum computers and advanced cryptography will change everything we know about internet lol poor humans cant hide your passwords anymore 😂

@ChristopherFalletta-rh9jf Ай бұрын

By the time we have quantum computers you will not be able to mine bitcoins anymore other crypto yes

@philipeskelund4433 21 күн бұрын

so basically crypto aint for the longterm which is the only reason crypto is raising. so basically there is no reason for the crypto raise

@GvkMohan Ай бұрын

If quantum computers can hack blockchain's then blockchain dev's upgrades their chains on Quantum Level

@miklosszabo4518 7 ай бұрын

Qanplatform will offer security against this problem as soon as mainnet is out.

@marcuscole1994 5 ай бұрын

How lol

@kevnops 4 ай бұрын

Lol they get hacked by dusting in 2021

@mdmahadi4430 Ай бұрын

Imagine mining bitcoin with that thing.

@nitishmedi1711 Ай бұрын

if they can break bitcoin, then banks are a piece of cake for them. Thats the bigger concern

@PandaSoul666 Ай бұрын

Don’t worry there’s already and very likely a backdoor. Like any other piece of software ever made😂

@floriangoldschmied9231 Ай бұрын

Just act like the code is not open source... find the backdoor yourself and use it, and you are a billionaire by tomorrow.

@PandaSoul666 Ай бұрын

@@floriangoldschmied9231 imagine thinking you just read a code and find a backdoor (few individuals could do that because you need to be an expert) and also imagine believing once you found a backdoor you can access it freely…the possibilities are endless. And i have no doubt very smart individuals spent time searching for vulnerabilities in the code. But we can’t know for sure and recent history has shown the existence of backdoors where nobody could ever have imagined.

@PandaSoul666 Ай бұрын

@@floriangoldschmied9231 imagine believing a not expert just look at btc code and discovers a backdoor 🤣 also I suppose you think the once you find a backdoor you just “enter” right?

@PandaSoul666 Ай бұрын

Imagine KZfaq not allowing me to answer to Florian because I touched a soft spot for bitcoiners🤣

@dazza.C Ай бұрын

Highly unlikely 😊

@vipul6304 Ай бұрын

That means with 1000 qbits one private key can be cracked in 40 years

@floriangoldschmied9231 Ай бұрын

Yes, one random one

@wswilsch Ай бұрын

Ecaxtly, so you probanly will never f

@floriangoldschmied9231 Ай бұрын

f? @@wswilsch

@vipul6304 Ай бұрын

@@wswilsch It will take only 1-3 years to crack it with 10,000 qbits. So I'm considering it as feasable. Or instead of cracking keys it can generate random private keys massively, it will connect to many important and non important wallets.

@Midhun_r Ай бұрын

yes, but we need a quantum computer with a millions of qubits to kill bitcoin

@ogpeacemasters5888 Ай бұрын

Bye bye bitcoin let’s see who would try and attempt to stop ai right ? What a great way to find all of them 👁️💀👁️⚔️👁

@earningwonder6775 25 күн бұрын

Imagine Quantum Bitcoin Mining...😂🤑😎

@captainbass5730 Ай бұрын

What about mining bitcoin with quantum computers? Yeah boy!

@JustRallax Ай бұрын

That’s the whole point to why crypto is going to die

@BruteforceKey 11 сағат бұрын

not possible, it will only reduce by 1,000 years to bruteforce a wallet lmaoo

@jecmello Ай бұрын

If they can attack Bitcoin, the entire financial system is blowing up.

@magicmike97m Ай бұрын

If you ever thought any form of digital currency is a path to freedom, you were deluded. Make some money off crypto while you can brother, but dont lie to yourself. Non-physical form money only serves as a means to control.

@gryxz Ай бұрын

@@magicmike97mare you saying the dollar is the solution? When all the fed does is print more?

@raikou3811 7 ай бұрын

🔥QANX🔥

@planet4nft624 7 ай бұрын

Wow😅

@dinamiteurdinamiteur2324 Ай бұрын

Thats quite a big cashprize for whoever will invent quantum computing. 1 million bitcoin is... At 70k and probably be way more then, 70 billion dollars Bruh thats less than expected finally. But probably will be way more when it will be digital gold.

@andrewtodaro2874 Ай бұрын

So the short answer would be...maybe? 😂

@CRYPTOTIGERGROWL Ай бұрын

btc is unique

@wswilsch Ай бұрын

So many comments that have no clou what they are talking about^^

@stoned6309 7 ай бұрын

Luckily there’s Qanx

@krackd-tv1364 25 күн бұрын

yeah lol 1.9b qbits sure that will happen in the very near future hhaaa

@cdes68 16 күн бұрын

Yes, it's parasite.

@Roman49837 Ай бұрын

There’s no easy way to calculate a fair value for Bitcoin as you do with stocks, because a Bitcoin is an inert body that doesn’t sell anything to customers, or provides any dividends to investors, so trying to predict a future price is futile because it all comes down to “faith”. If people believe that bitcoin will be widely adopted as a major currency, it’s price will increase, but the only possible way to make money with Bitcoin is by buying it today and selling it at a higher price tomorrow, and to whom? To that naive guy that thinks this chain can go on forever, but in reality, as the price keeps going up, it becomes increasingly more difficult to sell it at increasingly higher prices. The only people making money with this are the “wolves” that know how to navigate the market short term fluctuations, buying low and quickly selling high, while the “sheeps” get slaughtered, doing exactly the opposite, and of course, the market creators, who don’t care what Bitcoin does, as long as they can charge their transaction fees. For long term investing, stocks are still the tried and true way to go. Bitcoin is just another cult.

@auto-chippen6194 7 ай бұрын

QANX

@Quant-Beat 2 ай бұрын

Quantum has app. 150M times a CPU in capacity.

@WillowbearMindfulness 7 ай бұрын

We will go through all remaining halvings within a year.

@carforcoin1161 6 ай бұрын

false, every 2 weeks the mining difficulty auto adjusts

@koenrouwhorst4173 5 ай бұрын

That's why the blockchain auto-adjusts for computing power. So, not gonna happen.

@WillowbearMindfulness 5 ай бұрын

@@carforcoin1161 cool, I did not know.

@Tiltproof 2 ай бұрын

@@carforcoin1161 yes so in these 2 weeks every halving will be done

@geekdice 2 ай бұрын

You failed to mention AI. At the speed of AI, we are on the precipice, the event horizon of the singularity. AI isn't one guy or a few guys using a qbit-run computer to hack but a powerful network-reaching AI equivalent to millions of hackers just casually focused on hacking the blockchain while computing other AI tasks. It'll be easy in about 5 years or less. You heard it here first, folks, but don't live in fear, it's just a control mechanism that's been the tool of the powerful since our Australopithecine ancestors. Quantum, AI, and Blockchain are only hammers. They can be used to build a kanawatsugi structure or used to bash someone's head in. We have the power. Get involved.