The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Is Quantum Computing Placing Bitcoin’s Future in Jeopardy? Quantum Expert Andrew Fursman on Future of Crypto

by Daily Hodl Staff
May 1, 2021
in Bitcoin

Quantum computing expert Andrew Fursman is convinced quantum attacks in the future will pose a threat to the security of Bitcoin (BTC).

In a video, Fursman highlights that the massive computational potential of quantum machines could be capable of compromising Bitcoin’s security.

“It’s mathematically proven that if you have a device that looks like the kind of quantum computers that people want to build, then you will be capable of decrypting this information significantly better than could ever be possible with classical devices.”

Fursman argues that regardless of when quantum computers come of age, a solution needs to be found.

“Whether quantum computers come out tomorrow or in five years or in ten years, they are capable of being cryptographically useful. Those devices are going to be capable of doing something that you might not want if you are somebody that’s keeping a secret…

So it’s worth kind of getting into what are the different ways that the blockchains rely on cryptography, and which of those are specifically relevant to the things that quantum computers of the future might do. And how much is that really a problem for people today, versus not a problem at all? And what things are maybe not a problem yet but we might want to be thinking about working on? Better to be safe than sorry.”

While Fursman says that quantum machines may place Bitcoin’s cryptography in jeopardy, he notes that it will not happen anytime soon.

“We might need actually significantly more qubits (quantum bits, or a unit of quantum information) than are currently available. And like I sort of alluded to, we might be at the point where the largest computers that we are building today end up really becoming the foundation of one logical qubit for one of these large devices…

So if we need a thousand times more qubits then we might have in a few years, you sort of have to be thinking about the growth of these things from both the error correction standpoint and the number of logical qubits that you need to go forward…

And I should say some people even put the number as high as millions that you might need. So we are definitely, we are not right around the corner from this. It’s not going to happen next week.”

I

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/agsandrew

Submit a Press Release

Industry Announcements

  • Zircuit Enables Non-Custodial Wallet Top-Ups for Crypto.com Visa Cards
    May 30, 2025
  • How To Accept Cryptocurrency on Your Website – Step-by-Step Instructions
    May 29, 2025
  • Stanford Grads Announce $28 Million Blockchain Builders Fund Incubating Frontier Web 3.0 Startups
    May 29, 2025
  • Bet20 Launches Premium Casino Platform With Trusted Licensing, Instant Crypto Withdrawals and Elite Gaming
    May 29, 2025
  • Reddio’s Exclusive Token Generation Event and Alpha Trading on Binance Wallet – May 29, 2025
    May 29, 2025
  • Weed Launches Global Well-Being Platform Powered by AI
    May 28, 2025
  • BitMEX Unveils AI-Powered VIP Trading Reports in Partnership With Hoc-Trade
    May 28, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$104,085.89
$104,085.89
0.57%
Ethereum
$2,499.18
$2,499.18
0.77%
BNB
$650.06
$650.06
0.68%
Solana
$151.91
$151.91
0.92%
XRP
$2.15
$2.15
0.52%

Spotlight

  • Crypto Analyst Warns of 2021-Style Bitcoin Bull Market Top, Says ‘All Bets Are Off’ if BTC Loses Crucial Level
    May 25, 2025
  • Moving Apple iPhone Manufacturing to US a ‘Pinocchio Story,’ Says Investor Dan Ives – Here’s What He Means
    May 25, 2025
  • Scammer Drains $5,050 From Bank of America Account – Why the Bank Says Reimbursement Is Not Happening: Report
    May 25, 2025
  • Trump Administration ‘Going Big on Digital Assets’ To Trigger $2,000,000,000,000 in Demand for Treasuries: Scott Bessent
    May 25, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl