A quantum computer-resistant blockchain is under development.
12 Aug 2021, 08:00
A quantum computer-resistant blockchain is under development
IDB Lab, Cambridge Quantum and Tecnológico de Monterrey have been building a quantum-proof cryptographic layer on LACChain
People in the blockchain industry have been talking for a while about what effect quantum computers might have on the sector. These are machines that carry out computations through the use of quantum physical properties.
While traditional computers use binary "bits" to encode information, quantum computers use quantum bits (qubits), which can represent many different things at the same time. This means quantum computers can evaluate a huge number of possibilities simultaneously, making them well suited to decryption. In fact, CNBC suggested that quantum computers could be capable of hacking cryptocurrency wallets within a decade.