Bitcoin Marketcap
$1.14T
Gold Marketcap
$15.93T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.14T
Gold Marketcap
$15.93T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
7 Apr 2021 | | Price when published: $56,985 (ROI since: +5.38%)
Filed under: technology podcasts
This episode dives into what quantum computers are, roughly how they work, the current state of the art, and the theoretical and engineering challenges in scaling them up in order for them to be useful in practice.
Critically in terms of relevance to Bitcoin, this conversation defines what's necessary for quantum computing technology to have an impact on Bitcoin's digital signature scheme, as well as mining efficiency. In short, the basic idea of quantum computing has been theoretically proven, but the technology is nowhere close to practical application with respect to bitcoin; ie, many more orders of magnitude of advance must occur than is often assumed from reading certain headlines about the progress of quantum computers at IBM, Google, etc.
Additionally, this episode discusses potential practical applications of quantum computers that will likely happen well in advance of applicability to Bitcoin. This episode is a must-listen for anyone who wants to get up to speed on the state of the art of quantum computing as it pertains to Bitcoin.
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