Elon Musk made chilling question -quantum computer hack bitcoin?

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Elon Musk is raising new questions about the long -term security of bitcoins in front of the rapid progress in quantum computing. The CEO of Tesla and SpaceX turned to its AI chatboat, groc, find out that the SHA -256 hasing algorithm couple of bitcoin should be cracked by powerful quantum machines.

His question came when IBM revealed major plans called Blue J for its next generation of quantum systems, which is expected to reach 2,000 global Qualbits by 2033.

Grake predicts low risk, at least for now

The risk of encryption of bitcoin cracked by quantum computers for grouke is very low in the next five years. AI estimates that the opportunity is close to zero doing for that period.

But when exiting by 2035, the possibility increases slightly -it is less than 10%. These numbers are based on expert assessment and current quantum capacity.

Musk’s concerns are not coming out now. Companies like Google and Microsoft are developing their own quantum platforms- Velo and Majarana 1-1, which argued whether bitcoin-like cryptocurrency like bitcoin can do day to attack with these ultra-powerful systems.

Currently, most quantum systems have only 1,000 Qualbits. This millions of error-right Qubits are under science, it believes that it is necessary that there are cryptographic defense.

Groke said that strong algorithms such as SHA-3 or SHAA-512 can be used as replacement when needed in future.

Bitcoin is currently trading at $ 113,744. Chart: Tradingview

Quantum Computer vs. Blockchain

Meanwhile, according to a fare analysis by the Global Auditing firm Deloite, quantum computers may soon hit the safety of bitcoin blockchain, with about 25% of bitcoins currently the risk of theft through quantum attacks.

Analysts said that finally, quantum computers can be powerful enough to break the entire transaction process. To prevent this, the bitcoin network will need to adopt post-quantum cryptography-EN emergence, but is currently being exposedographic by a cryptographer worldwide.

Image: The Quantum Insider

IBM’s blue Jai adds pressure

The new system of IBM, Blue J, will have more than one billion gate operation – some beyond the capabilities of today’s computers.

It is part of the company of a big attempt to lead quantum computing in the early 2030s. With other industries like Google and Microsoft, the competition is getting hot.

Both Tesla and SpaceX keep bitcoins

Musk’s curiosity is not just academic. Tesla currently owns 11,500 bitcoins, which costs about $ 1.3 billion at current prices. SpaceX also holds a large amount, reportedly about $ 850 million BTC. Musk herself confirmed that he kills bitcoin in her individual portfolio in herd.

With the range of those holdings, it is no wonder that Musk would like to overtake the potential threats. His tweet appears, but it indicates to raise awareness in the world of technology how quantum advances can affect

Specially displayed image from ABB, chart from tradingview

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