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Quantum Computing's Impact on Cryptocurrency
This chapter explores the groundbreaking implications of a new quantum chip capable of performing computations in under five minutes, vastly outperforming traditional supercomputers. The discussion highlights how advancements in quantum computing could significantly affect Bitcoin's cryptographic security and the broader cryptocurrency landscape, emphasizing the relationship between quantum bits and encryption mechanisms. It also addresses the potential vulnerabilities created by these technological shifts and the foresight embedded in Bitcoin's design to adapt to future complexities.