How the Crypto World Is Preparing for Quantum Computing, Explained
Cointelegraph
Published Jan 20, 2020 11:03AM ET
Updated Jan 20, 2020 12:42PM ET
How the Crypto World Is Preparing for Quantum Computing, Explained
While quantum computers are not a threat to Bitcoin at the moment, the oldest cryptocurrency might need an upgrade in the future.
Bitcoin uses two security schemes, the hashing function used in the block creation and the ECDSA algorithm used for signatures. The latter is more vulnerable to risks posed by quantum computers, and it might require an additional layer of protection in the future.
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Written By: Cointelegraph
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