Industry Report: Is the End of Bitcoin Near?
Quantum computers may end Bitcoin, all episodes of Trust Disrupted are available to view, and Jaxx vows to go international. Want to catch up on your latest digital currency and tech news? Read the stories below.
The new show, brought to you by TechCrunch, is now completely available for audiences’ viewing pleasure. The first season of the show, which delves deeply into digital currency and blockchain usage, is hosted by New York Times reporter Nathaniel Popper, and comprised of six episodes, which cover everything from Bitcoin to Ethereum.
The entire season can be viewed in its entirety on TechCrunch, or the publication’s YouTube channel.
QUANTUM COMPUTERS, THE END OF BITCOIN?
Scientists are predicting Armageddon for the world of bitcoin. Fiery mists and massive explosions will soon hit digital currency in the form of quantum supercomputers, which can allegedly destroy bitcoin and bring about its abrupt end.
Quantum computers are purportedly some of the most powerful machines on Earth. Their encryption methods make those of today seem primitive. Supposedly, they’re so advanced that their methods can bring about an end to those of bitcoin in a mere heartbeat.
Plymouth University professor Martin Tomlinson explains that Bitcoin requires private keys for currency to be sent or spent. Quantum computers have the power to decipher all private keys within a matter of minutes. Should this occur, bitcoin and the privacy it supposedly offers would become obsolete.
According to Llew Claasen, executive director of the Bitcoin Foundation, many cryptographers are now working on solutions to give bitcoin “quantum-proof technologies.”
After integrating the Augur coin (REP) on its platform in early October, multi-platform wallet Jaxx has announced plans to go international. Bringing REP on board has made Jaxx arguably one of the most widely accessible wallet systems available today.
Jaxx is presently only available in English, but that will change once it becomes accessible to customers in both China and India, two countries with growing digital currency markets. The company is also planning to integrate itself with Coinbase and Shapeshift, and has other plans that CEO Anthony Di lorio spoke vaguely about:
“Our plan is to be blockchain agnostic. Our goal is to add integration of tokens that the community wants to have. The trend is definitely towards more coins and we kind of want to be the browser of the blockchain.”
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Image courtesy of Jaxx.