JOURNAL ARTICLE

Cryptocurrencies go quantum.

  • Published In: New Scientist, 2023, v. 258, n. 3444. P. 10 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: Wilkins, Alex 3 of 3

Abstract

Brennen and his team have proposed using a kind of quantum computer called a boson sampler to create a new cryptocurrency network, which should be a more energy-efficient alternative when run on quantum hardware. News QUANTUM computers could be used to mine existing cryptocurrencies like bitcoin or future, more energy-efficient ones, slashing their electricity use, according to two new analyses. If quantum computers come to threaten the encryption that cryptocurrencies rely on to be secure, this method could be a useful alternative and save energy too, says Mark Webber at UK start-up firm Universal Quantum. [Extracted from the article]

Additional Information

  • Source:New Scientist. 2023/06, Vol. 258, Issue 3444, p10
  • Document Type:Article
  • Subject Area:Computer Science
  • Publication Date:2023
  • ISSN:0262-4079
  • Accession Number:164430687
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