Bitcoin wallets are a target for quantum computers. Here’s why. Bitcoin wallets are a target for quantum computers because the algorithms that create the public and private keys used in bitcoin wallets are based on elliptic curve cryptography. This type of cryptography is relatively easy to break with a quantum computer. A quantum computer is […]
Why Quantum Won Cracking Bitcoin Wallets
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Satoshi’s anonymity often raises unjustified concerns because of a misunderstanding […]
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