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Wednesday, 18 July 2018

Cryptocurrency in the age of quantum computing

Cryptocurrency in the age of quantum computing



There are number of Blockchains Cryptocurrency  that are on the rise. one of the major
Cryptocurrency (BitCoin) shook the world that plummeted limiting its value to two years low .
but still there are a lot of Cryptocurrency that are making its way to the market a lot of people
thinks of it as safe investment and having good return value.
Blockchain Technology is surely the future of cryptocurrency to replace old aged paper money.
currently there is no country that is really backing up any cryptocurrency openly. It is still in the
nascent phase of development taking a lot of resources processing power and substantial amount
of electricity for generating cryptocurrency, Which makes it heavy on resources to generate
cryptocurrency. This not only amounts to resources but also amounting to greenhouse gases.

Bitcoin was  was leading cryptocurrency by the value it gained in short span of time which was
not truthful ( a Speculative) enough for any currency to have gained  such a monumental value
in such little span of time.
There was a lot of speculation about the owner of this currency but nobody ever found the
real owner.Like  old days money was backed by gold and the Guarantor .
Here there is no Guarantor against Bitcoin so apart from Guarantor stakes that values the
confidence in currency.. The owner is thought to be Satoshi Nakamoto but to this day he has
not given up on his hidden identity.


there is another aspect that's about to shake the foundation of cryptocurrency of the
current days. Quantum computing and Quantum communication has the potential to out  
beat any processing power of ultimate nature which is in its infancy days. the race is there
throughout the world for this ultimate power along with artificial intelligence to push into the
realm of new frontier Just bizarre like quantum world in itself .The pair of Quantum computer
and Artificial Intelligence has brought the world at the gates of unknown.No cryptocurrency
encryption would be able to stand the trial of such huge Beast.
NSA has already issued warning against the threat of Quantum Computing.

Keeping in mind these two factors investment in cryptocurrency is extremely volatile and of betting
nature transactions. sometime you would benefit from betting but some time it takes you down so
until you are not in mood of betting cryptocurrencies are not for you until then.

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