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Will Quantum Computers BREAK Bitcoin Someday? (Explained For Beginners)


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Will Quantum Computers BREAK Bitcoin Someday? (Explained For Beginners)

Date: 2020-06-01 17:19:42

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This is a topic that has been covered quite a bit but it is VERY TECHNICAL. So in this video I’ll cover the potential risks from quantum computers that Bitcoin and other similar cryptocurrencies face! But this time I’ll try to break it down and explain it in words that even BEGINNER traders/investors/enthusiasts will understand. So I hope you learn something from watching this video and have your curiosity piqued to do more research on how Bitcoin works!

Keywords and topics for you to do further research on:
– Asymmetric encryption
– Elliptic curve digital signature algorithm (ECDSA)
– Signature algorithm
– Shor’s algorithm
– Hashing algorithm
– SHA-256 algorithm
– Pre-image attack
– Collision attack
– Proof of Work mining
– Nonce
– Double spend attack
– Public/private key cryptography

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#QuantumComputer #Bitcoin #Cryptography

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