Quantum Computing: Is it the end of blockchain?

Ajitesh Abhishek
Jan 13, 2019 · 6 min read
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What’s a Quantum Computer?

One of the reasons behind most advances in computation capabilities has been ever decreasing sizes of transistors. At the core of every form factor in computation are transistors, which forms logic gates that process information in computers.

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Principles of Quantum Computing

As we have been mostly taught classical mechanics in schools, the concept of quantum computing doesn’t feel intuitive. I would try demonstrating using one of the simplest examples, which was used by my quantum mechanics professor.

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Threat to blockchain

As explained above, Blockchain technology uses cryptographic techniques that are widely thought to be unbreakable, except by brute force attacks requiring huge computing powers. The concept is similar to the cryptographic technique used for communication on the internet.

What’s the future of blockchain in the world of Quantum computing?

When Marc Anderson, co-founder of Andreessen Horowitz, was asked about the problem of the blockchain, this is what he said:

FinTech@Kellogg

Official Blog of Kellogg School of Management’s FinTech…

Ajitesh Abhishek

Written by

Kellogg MBA ’20 | Former Product Manager, Fitso | Runner and Cyclist | Loves writing | Personal Blog-https://xupler.com/

FinTech@Kellogg

Official Blog of Kellogg School of Management’s FinTech Club

Ajitesh Abhishek

Written by

Kellogg MBA ’20 | Former Product Manager, Fitso | Runner and Cyclist | Loves writing | Personal Blog-https://xupler.com/

FinTech@Kellogg

Official Blog of Kellogg School of Management’s FinTech Club

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