Comment on IBM releases first-ever 1,000-qubit quantum chip
frezik@midwest.social 11 months agoQC 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.
SuckMyWang@lemmy.world 11 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