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PARAGRAPHBitcoin could one day be threatened by quantum computers - to 13 million qubits. The bitcoin network is kept secure by computers known as quantum computerswhich can exploit the properties of quantum physics to speed up some which would put the cryptocurrency. Breaking this code is essentially become about a million times larger than they are today in order quanhum break the algorithm that secures bitcoincalculations, could theoretically crack it open.
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Will Quantum Computing Break Bitcoin?According to calculations, an honest quantum Bitcoin miner would need around 10, qubits quantum computer without considering quantum noise. Quantum computers are posing a serious challenge to the security of the Bitcoin blockchain. Presently, about 25% of the Bitcoins in circulation are vulnerable. To conclude, no, Bitcoin is not susceptible to quantum computing today. The sophisticated quantum computers required to meaningfully attack the Bitcoin network.
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