IBM last year 127 Qubits (Quantum bits) introduced the quantum processor. Scientists believe that quantum technology will continue in the coming years. Bitcoin encryption He declared that he would become strong enough to break.
Bitcoin, encrypted with the SHA-256 algorithm, is called one of the most reliable systems with today’s technology. Quantum computers will be able to break the SHA-256 algorithm within hours in the future, even though they have performance below expectations.
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Quantum computers could crack Bitcoin’s encryption algorithm
The report on quantum computing research conducted at the University of Sussex in England has been published. According to the report, 13 million qubits It was stated that the cryptographic algorithm that protects the Bitcoin blockchain algorithm can be broken within 24 hours.
Being able to break the encryption that protects the Bitcoin network allows attackers to interfere with transactions. Hackers who can access transactions on the blockchain can redirect cryptocurrencies to their own accounts.
The world’s most powerful quantum system produced by IBM does not yet have the power to break the SHA-256 algorithm. IBM and Nvidia It is known that many companies, in particular, are working on different qubit designs. If a more efficient and faster qubit design can be created, it will be possible to crack the most difficult encryption algorithms with less than 13 million qubits.
Chief of research of the project Mark Webber, “Advances in quantum computing will inevitably make modern encryption unnecessary. It is a fact that a lot of information encrypted today can be decrypted in seconds in the future. Some people are worried that they might save encrypted messages today and be hacked by someone in the future. That’s why we need to change encryption techniques now and keep up with quantum technology.” used the phrases.