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IBM releases first-ever 1,000-qubit quantum chip (www.nature.com)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 9 months ago (1 children)

QC would be completely devastating to bitcoin. Anyone with a sufficient QC could break any block of the bitcoin chain they want, essentially giving all the bitcoins to themselves. There are other cryptocurrencies that are quantum-resistant, but bitcoin itself would be done.

[–] [email protected] 1 points 9 months ago

I would assume in the face of that the bitcoin network would have to change its consensus to include quantum resistance. I think this is possible but not sure