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 Huawei Warns of Quantum Threat to Bitcoin, Crypto, & Blockchain

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Huawei Warns of Quantum Threat to Bitcoin, Crypto, & Blockchain Vide
PostSubject: Huawei Warns of Quantum Threat to Bitcoin, Crypto, & Blockchain   Huawei Warns of Quantum Threat to Bitcoin, Crypto, & Blockchain Icon_minitimeSun Nov 10, 2019 3:30 am
Earlier this year, Google unveiled that it had achieved quantum supremacy, when a quantum computer accomplishes a task that a traditional supercomputer cannot finish. Many have taken this as a sign that Bitcoin’s SHA-256 algorithm and others like are under threat. In a video published on Wednesday, shared by Chinese crypto venture capitalist Dovey Wan, Huawei CEO Ren Zhengfei said that blockchain and cryptocurrencies are unlikely to have a future, specifically due to the computing power that quantum devices have. According to Wan, Ren even stated that this technological class is “worthless” in the face of quantum computing.


https://www.newsbtc.com/2019/11/09/crypto-tidbits-bakkt-bitcoin-huawei-ceo-blockchain-fbi/
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