“Crypto Network Fork” is the solution against the misuse of quantum computers, says Vitalik Buterin
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.
Ethereum price action
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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