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Tag: quantum computing

Hard Nut to Crack for a Quantum Computer: IDM Presents a Platform for Ultra-Secure Storage

Category: Press Releases

Hard Nut to Crack for a Quantum Computer: IDM Presents a Platform for Ultra-Secure Storage

Ideal Data Memory (IDM) releases a decentralized platform for ultra-secure data storage based on the SIZE algorithm. Data in the IDM repository is encrypted on the sender’s device, cannot be opened, lost, or stolen by hackers.  Zug, Switzerland, July 15, 2018. IDM presents a decentralized platform for super-secure data storage based on the SIZE algorithm. The project positions itself as…

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Quantum Physics Could Hold the Key to Securing Blockchain Technology for Good

Category: Altcoins, Bitcoin, Blockchain, Mining, News, Tech

Quantum Physics Could Hold the Key to Securing Blockchain Technology for Good

A new study titled “Quantum Blockchain using entanglement in time” by the University of Wellington, New Zealand has proposed a new conceptual design for a quantum blockchain. Quantum computing has been hailed as the next big leap in technology and would likely have far-reaching ramifications on distributed ledger technology as well. The document, published April 16, 2018, details how Quantum…

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Preparing Bitcoin for the Threat of Quantum Computing

Category: Bitcoin, Blockchain, News, Tech

Preparing Bitcoin for the Threat of Quantum Computing

Bitcoin’s nature as a first of its kind digital currency retains its value based on a few simple variables. The concept that it can be transferred with ease and without a high cost, the fact that it is internationally available and makes transfers between deals across the world simple and the reliability of the chain’s security which is impossible to…

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Bitcoin Fever: Russian Nuclear Scientists Arraigned for Mining with “War Computer”

Category: Bitcoin, Mining, News, Tech

Bitcoin Fever: Russian Nuclear Scientists Arraigned for Mining with “War Computer”

Security authorities have arrested nuclear scientists working at a top secret Russian warhead center for trying to mine cryptocurrencies using supercomputers meant for war purposes. Misappropriated Mining Attempt Nuclear scientists’ turned-suspects attempted to use one of Russia’s most sophisticated supercomputers to mine bitcoins, according to the BBC. The Federal Nuclear Center is located in Sarov, Russia and is restricted from…

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Breaking Bitcoin: Quantum Computers and Cybersecurity

Category: Bitcoin, Commentary, Ethereum, News, Tech

Breaking Bitcoin: Quantum Computers and Cybersecurity

Alex Beath, a Toronto-based physicist and annuity support expert, is incredulous about Bitcoin yet observes one practical reason for the digital currency: It might recognize when somebody makes a working quantum PC. Quantum Computing on the Horizon Beath’s perception, which he made after a Fortune question about the security of bitcoin, is entertaining. In any case, it likewise underscores a…

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The Hype Around Quantum Computing and Bitcoin’s Demise

Category: Bitcoin, News, Tech

The Hype Around Quantum Computing and Bitcoin’s Demise

As quantum computing continues to make strides in development towards a machine that is both practical and affordable, concerns on how this new wave of technology could affect not only Bitcoin and its underlying cryptography but also how we handle modern computing. But will quantum computing spell the end of Bitcoin? Quantum Hype Facilitates Yet Another Bitcoin Obituary Computers at…

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