BlockChain News

Quantum Computing Will Impact Blockchain Technology — Find Out How

Many cryptocurrency followers worry that quantum computing processing power could impact digital signatures due to its computing algorithms, threatening the security of crypto protocols.

Dr. Talia Gershon of IBM sets out to educate on what exactly quantum computing entails by explaining concepts at different levels — to a child, a teen, a college student, a grad student and a professional.

“[A quantum computer] calculates things, but in a totally different way,” Gershon explains to 8-year-old Genesis Brown. “The reason we’re building these kinds of computers is because we think that maybe one day they’re going to do a lot of really important things, like help us understand nature better. Maybe help us create new medicines to help people.”

Using the same basic of concept, but explaining to a grad student, Gershon says: “What we do when we try to solve problems with a quantum computer is we code parts of the problem we’re trying to solve to a complex quantum state, and then we manipulate that state to drive it toward what will eventually represent the solution.”

For more on quantum computing for context on how it effects cryptocurrency.

  • Quantum Computing Will Impact Blockchain Technology — Find Out How – July 13, 2018
  • Behind the Scenes of Ivan on Tech’s Crypto YouTube Channel – July 13, 2018
  • Taking on Alexa and Cortana, Snips Debuts Blockchain-Based AI Assistant – July 13, 2018
  • Trump Delivers Executive Order to Establish Crypto Fraud Investigations Task Force – July 13, 2018
  • How Vitalik Buterin’s “Burn in Hell” Comment Sparked Discussion on Centralized Exchanges – July 12, 2018
  • Google Missed Out on the Blockchain Frontier: Sergey Brin – July 12, 2018
  • FinTank Panel: Blockchain Beyond Banking – July 11, 2018
  • Bancor Set to Reactivate After $13.5 Million USD Security Breach – July 10, 2018
  • Walmart Files Patent to Use Blockchain in Securing Package Deliveries – July 10, 2018
  • YouTube Named in Class-Action Lawsuit Against BitConnect – July 10, 2018
  • French Crypto Report: Don’t Regulate Cryptocurrencies – July 9, 2018
  • Former Titanic Explorer Joins PO8, a Startup Using Blockchain to Discover Underwater Artifacts – July 9, 2018
  • NYSE Executive Joins Winklevoss’ Gemini Exchange Platform – July 9, 2018
  • FACT Water Embraces Transparency – July 9, 2018
  • ICO Funding Doubled in 2018 as “Hype-Cycle” Subsides: PwC Report – July 5, 2018
  • Igniting the Next Gig Economy Revolution with Jeff Tennery, CEO of Moonlighting – July 4, 2018
  • Blockchain can Fix Consumer Cravings for Transparent Beauty: Study – June 26, 2018
  • Steve Bannon Moves From Politics to the Cryptosphere – June 19, 2018
  • William Shatner Announces New Solar-Powered Bitcoin Project in Illinois – June 15, 2018

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