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Will quantum computing break bitcoin?

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Will quantum computing break bitcoin?

Transcript

19 segments

0:00

some point quantum computing will break

0:03

the Bitcoin proof of work protocol.

0:05

That's clear. How long that will take is

0:08

less clear. We need to get these scaled

0:11

error corrected fault tolerant gate

0:12

model systems before we're actually able

0:14

to do that. But at D-Wave, we're doing

0:16

something a little bit different. What

0:18

we've done is we've been able to

0:19

demonstrate a new quantum proof of work.

0:23

So, what's very exciting about this

0:24

proof of work um architecture is that it

0:28

is quantum safe. So, you don't have to

0:29

worry about quantum breaking it down the

0:31

road. And it's very energy efficient. In

0:34

fact, if Bitcoin mining was being done

0:36

today using this protocol, we'd be

0:38

consuming about a thousand times less

0:41

electricity.

Interactive Summary

The video discusses the potential threat of quantum computing to Bitcoin's proof of work protocol and introduces a new, quantum-safe, and highly energy-efficient alternative being developed at D-Wave.

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