Odaily Planet Daily reported that Shaw stated on the X platform that there is a huge gap between the actual progress of quantum computing and media hype and public perception. Although the field is making progress, quantum computers will not achieve their claimed capabilities within the next 40 to 50 years. Regarding hash functions like SHA-256, even with the most ideal application of Grover’s algorithm, the search space can only be reduced from 2^256 to 2^128, and 2^128 remains physically unbreakable. Shaw pointed out that the most advanced quantum computers today cannot even factor the number 21 into 3 and 7 without prior knowledge of the result. To crack Bitcoin, quantum computers would need to perform repeated calculations on the real-time network within a few minutes, a leap in capability far beyond the progress from 1950s computers to modern server clusters. Modern cryptography was designed with foresight of future computing power growth. Currently, fears or hype about quantum computing lack factual basis.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin finds stability at 2023 investor cost basis, echoing past cycle
Bitcoin support has recently aligned with the 2023 average realized price of approximately $63,700. This level has held during price fluctuations and mirrors past cycles. Current data shows newer cohorts are facing underwater positions, while the aggregate realized price indicates potential support at $54,000 if prices decline further.
CoinDesk2m ago
Bitcoin Reclaims $68.4K, Tests Critical $71.4K Resistance
_Bitcoin reclaimed $68.4K support, filled the CME gap at $70.1K, and now tests $71.4K resistance. Bears stay in control below that level._
Bitcoin bounced off the 68.4K level and climbed toward 71.4K. The move came after the CME futures gap at 70.1K got filled. Structure, though, still reads
LiveBTCNews13m ago
James Wynn shorts BTC again with 40x leverage
Blockbeat reports that on March 24, according to Onchain Lens monitoring, after being completely liquidated, James Wynn has once again opened a BTC short position with 40x leverage.
金色财经_14m ago
Maji Big Brother opened a 40x long position on BTC at an average price of $71,131
Gate News reports that on March 24, Hyperbot data shows that Brother Magji opened a 40x long position on BTC again, with an average price of $71,131 and a position value of $780,000. In addition, he also holds a 25x long position on ETH worth $11.547 million, with an unrealized profit of $60,000.
GateNews32m ago
BTC breaks below $71,000
Jinse Finance reports that BTC has broken below $71,000, currently trading at $70,989.77, with a 24-hour decline of 0.11%. The market is experiencing significant volatility, please ensure proper risk management.
金色财经_36m ago
Best Crypto Presale: DeepSnitch AI Rallies 205% as Investors Choose AI Tech Over Washed-Up Presales Like Bitcoin Hyper and BlockchainFX
European Bitcoin treasury companies are merging to survive, and doing it without selling a single coin. Sweden’s H100 Group is acquiring two Norwegian Bitcoin firms in an all-stock deal, jumping from 44th to 27th globally in Bitcoin treasury rankings overnight.
But while institutions are mergi
CaptainAltcoin48m ago
