Researcher: BTC, ETH could go "close to zero" without quantum resistance

30 Apr, 2019 | Updated: 30 Apr, 2019
by David Borman
Researcher: BTC, ETH could go close to zero without quantum resistance

It has been reported by CryptoGlobe that a researcher on twitter named "Noclone3" has posted a thesis on how the coming of quantum computing will cause any coin that isn't quantum resistant to go to, or at least near, zero value.

Quantum computing poses a risk to cryptocurrency as well as any other cryptographically secured system. In a nutshell, quantum computers can solve problems, like the ones in cryptography, notably faster than traditional computers. This will undermine what secures networks like Bitcoin and Ethereum as quantum computing becomes stronger. Noclone3 feels that even though major coins will likely implement quantum resistant safeguards in the future, it may not be enough to save them from the fallout.

The tweets continue, discussing mostly how QRL could compete and what may happen if the other coins do implement proper quantum resistance in time. It is mostly speculative, but does bring up a valid point that at some time in the future, networks like Bitcoin will no longer be able to ignore this growing technological threat.

Hopefully, that day is still far down the road, but in any event, stick with Chepicap for all updates!

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