Can the Bitcoin Network be Hacked using Quantum Computers? Elon Musk Asks Grok AI
Main Idea
The article discusses the potential threat of quantum computing to Bitcoin's SHA-256 algorithm, concluding that current quantum technology is not advanced enough to compromise Bitcoin's security in the near future.
Key Points
1. Elon Musk raised a question on X about whether quantum computers could hack the Bitcoin network, targeting its SHA-256 mining algorithm.
2. IBM's recent developments in quantum computing were highlighted, but the technology is still in its early stages with limited qubit capacity.
3. Grok AI responded to Musk's inquiry, stating that the probability of quantum computing cracking SHA-256 is near 0% in the next 5 years and less than 10% by 2035, due to the need for millions of error-corrected qubits.
4. Current quantum systems only have around 1,000 noisy qubits, far from the required scale to threaten Bitcoin's security.
5. Quantum computers use qubits for complex calculations but are not yet capable of overpowering conventional systems like Bitcoin's hashing algorithm.
Description
Elon Musk has recently taken to X to ask its native Grok AI regarding the challenges posed by the emerging quantum computing technology towards Bitcoin.
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