Will Bitcoin be threatened by the development of quantum computing?
Blockchain technology, which uses cryptographic encryption techniques to provide a trustless and decentralised ledger system for recording transactions immutably, has given rise to a number of applications, including DeFi or decentralised finance, which is revolutionising how people conduct business online. However, the supremacy of blockchain-based protocols like Bitcoin may soon be challenged by a new generation of quantum computers that employ quantum bits, often known as “qubits”, to do computations orders of magnitude quicker than even the most powerful supercomputers. Read more here
