Will quantum computing break bitcoin?
19 segments
some point quantum computing will break
the Bitcoin proof of work protocol.
That's clear. How long that will take is
less clear. We need to get these scaled
error corrected fault tolerant gate
model systems before we're actually able
to do that. But at D-Wave, we're doing
something a little bit different. What
we've done is we've been able to
demonstrate a new quantum proof of work.
So, what's very exciting about this
proof of work um architecture is that it
is quantum safe. So, you don't have to
worry about quantum breaking it down the
road. And it's very energy efficient. In
fact, if Bitcoin mining was being done
today using this protocol, we'd be
consuming about a thousand times less
electricity.
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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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