Alan Baratz, CEO of D-Wave, warned in an interview with Yahoo Finance that quantum computing will eventually be capable of breaking Bitcoin’s proof-of-work protocol. He emphasized that the cryptocurrency industry should start considering quantum-native alternatives before the technology matures. D-Wave claims to have already demonstrated a new quantum proof-of-work protocol that could replace BTC’s current mining mechanism, claiming it is roughly 1,000 times more energy efficient. Most experts agree that today’s quantum hardware is still far from posing an immediate threat to the network, with the timeline remaining unclear.
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