The world’s fastest supercomputer, El Capitan, has raised concerns about its potential impact on the blockchain industry, as it can perform 2.79 quadrillion calculations per second. However, blockchain security experts argue that fears of it breaking down networks like Bitcoin and Ethereum are unfounded.
While a supercomputer like El Capitan could take 10 billion years to brute force a 256-bit private key, quantum computing poses a more significant threat to the security of current cryptographic systems used in blockchains. Experts warn that powerful quantum computers could break the algorithms used by blockchains in the next decade, and blockchain owners should adopt quantum security technology to prepare for this risk.
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<p>The post Quantum Computers: The Future Threat to Cryptocurrency Security first appeared on CoinBuzzFeed.</p>