Vitalik Buterin highlighted the misuse of Quantum computers against crypto networks and also shared the idea of tackling such challenges.
A Quantum computer is a type of high computing device that uses quantum mechanics principles, such as superposition and entanglement, to perform operations. Unlike classical computers, which use bits to represent information as either 0 or 1, quantum computers use quantum bits or qubits, which can exist in a superposition of both states simultaneously, allowing for parallel computation and potentially solving certain problems much faster than classical computers.
In the present time, the highest capability of a Quantum computer recorded is 158 million times over a normal computer.
In the past many times, many tech experts claimed that such computers can be misused. If a bad actor can access a quantum computer then he/she can conduct multiple types of unethical & illegal activities e.g. security breaches, decryption of Cryptocodes, cyber-attacks, etc.
Popular crypto entrepreneur & co-founder of the Ethereum blockchain Vitalik Buterin shared his opinion on the possibilities of misusing quantum computers by bad actors against crypto networks.
According to Vitalik, a bad actor can steal users’ funds from the crypto network with the help of a Quantum computer and in that case, we will be required to go through a network fork & launch of new Crypto wallet but still, some people will face fund loss.
Vitalik also said that Ethereum devs need to remain ready with a pre-planned fork model to fight against such possible incidents.
The proposed model will surely help the Ethereum community Devs to handle the situation in a very short time & minimise the loss & fear.
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The current trade price of the Ethereum (ETH) coin is $4,000 & this trade price has been 60% high over the last 30 days, as a part of bull run sentiments.
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“Crypto Network Fork” is the solution against the misuse of quantum computers, says Vitalik Buterin
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