RATE Group | Crypto industry is already preparing for Google’s “quantum supremacy”
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Crypto industry is already preparing for Google’s “quantum supremacy”

28 Sep Crypto industry is already preparing for Google’s “quantum supremacy”

Posted at 02:07h in Bitcoin News by

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Earlier this week, Google achieved “quantum supremacy” (supposedly). And the crypto world went bananas (predictably).

Cryptography experts and cryptocurrency enthusiasts have endlessly debated the implications of Google’s quantum computer for Bitcoin and other digital currencies ever since. (Google’s machine can, after all, perform computations in seconds that would otherwise take traditional machines thousands of years, according to the since-deleted NASA document.)

And David Chaum, known as the “godfather of crypto” for inventing the anonymous payment system e-cash in the 1980s, isn’t one to sit this one out.

The godfather weighs in

Yesterday, Chaum put out a statement on Google’s innovation, once again reiterating his position that the crypto world ought to start working on developing quantum-resistant technologies right now.

“We have no way of knowing how far along nation-states are in developing quantum computers,” he said in a statement shared with Decrypt….

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