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Will quantum computing’s advancement make bitcoin obsolete?

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by COINS NEWS 15 Views

Hey guys, I’m not a crypto guy. I’m all about the stock market and other forms of “investing” but I am knowledgeable enough on the subject as crypto is the reason my brother bought a house lmfao.

Here’s the thing, I know bitcoin uses hashing such as SHA-256 and it uses the signature system ECDSA (correct me if I’m wrong). Some may argue that quantum’s increasing power (through the years) is will make breaking the hash easier, but idk how long it’ll be before it’s near instant.

However, wouldn’t the private keys be the real issue? I talk to my brother about this but his cope is crypto will develop stronger hashes with time. But wouldn’t that leave existing cryptocurrencies in shambles as time passes?

I’m no expert, but wouldn’t the advancement of these technologies make Bitcoin obsolete later on?

I appreciate all opinions just insightful. I find this a bit fascinating for someone who doesn’t invest in Crypto lol.

submitted by /u/69philosopher
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