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Tech talk quantum computers
- 1. Quantum Computers Threaten the Future of Bitcoin Security By: Brady Winkler
- 2. • Quantum computers pose a threat to the cryptocurrency, bitcoin, and other encryption security. • Conventional computers and binary code vs. quantum computers and superposition • Calculation speed differences Quantum Computers: What Are They?
- 3. Security Breach: A Strong Possibility • Quantum computers effects on Bitcoin security and keys • Precision and massive calculating speed to mine • Messaging apps, SSL certificates and data storage at risk • Bitcoin has time to increase security, but will it help?
- 4. • Quantum computing effects on AI and machine learning • Businesses benefit from efficiency • Energy saving and cost reducing • Lockheed Martin/autopilot software • Google/software to distinguish cars from land marks • Weather prediction Quantum Computers Future In Business
- 5. References https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin- security/ https://singularityhub.com/2017/06/25/6-things-quantum-computers-will-be-incredibly-useful- for/#sm.010m9z6z189ifoo114t2o00zf1wz6Click to add text https://edgylabs.com/11-facts-help-explain-quantum-computers
Editor's Notes
- Quantum computers pose a threat to the cryptocurrency, bitcoin, and other encryption security. Conventional computers use bits coded in a binary system using only 0’s and 1’s, whereas Quantum computers use qubits and force electrons into superposition - allowing the electrons to use both 0 and 1 at the same time exponentially increasing its processing speed Calculations that would take a conventional supercomputer millions of years would take a quantum computer only seconds to complete.
- Quantum computers will potentially break not only the public key of the Bitcoin, but also the private key of the Bitcoin owner. The quantum computer uses precision and massive calculating speed to mine more than a conventional computer can and then crack Bitcoin’s cryptographic keys. Messaging apps, SSL certificates and data storage would all also pose potential security issues with the quantum computer. Bitcoin may have time to improve its security because it could take years before a quantum computer is ready to compete. However, even if Bitcoin triples their encryption codes it is possible that the quantum computer still may be able to crack the code within minutes.
- Quantum computing will exponentially boost the speed of their learning process of AI and machine learning that uses large sets of data for training. Businesses would benefit from quantum computing by reducing time it takes to complete tasks from thousands of year to just a few seconds. The design of the quantum computer causes energy consumption to drop by a factor of 100 to 1000. Businesses such as IBM, Google, and other researchers around the world are competing to have a quantum computer up and running. Example of use: Lockhead Martin will use quantum computers to test autopilot software, Google will design software to distinguish cars from land marks, the financail world markets hope to solve problems by using quantum computings amazing abilities, and the weather will be easily precidted as well as catashtopic disasters all due to quantum computing Negatively – quantum computers will break encryption codes – this could lead to several problems in many areas of business; for example, in the banking business it could be catastrophic. What about missile codes for warfare? The future is still unknown as we begin to tap into quantum computing.