Quantum Cryptography Quantum News

Race to Secure Bitcoin and the Internet From Threat of Quantum Computing Begins

November 7, 2020

Race to Secure Bitcoin and the Internet From Threat of Quantum Computing Begins

The test involves transmitting cipher keys, which are required to encrypt and decrypt data, through fiber-optic lines operated by the US and UK telecommunications giants. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Japan Times reports that Toshiba has begun testing its quantum cryptography services with Verizon Communications Inc. and with UK-based BT Group PLC. Due to the looming arrival of more powerful computational machines, Toshiba believes that the quantum encryption services market will grow immensely in the coming decades. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Last month, prominent MIT professor Peter Shor warned that existing cryptography measures put in place by traditional binary computational computers would not cut it for much longer. The threat that quantum computers will be capable of cracking cryptographic algorithms that keep Bitcoin and the internet at large secure is imminent to some.

Article from The Daily Hodl.