Why Bitcoin fears Quantum Computers — and IOTA doesn’t

Too Long; Didn't Read

If there is one thing which can cause real trouble to the whole Blockchain sphere it certainly is Quantum Computing. The new technology gives access to a lot more computing power than we have ever had before which could also be used for cracking the security systems of Bitcoin and the likes: At the CES 2018 it could be seen that this new kind of processor is not a thing of the future anymore, but its development is <strong>rapidly making progress</strong> (<a href="https://newsroom.intel.com/news/intel-advances-quantum-neuromorphic-computing-research/" target="_blank">Intel</a> has just announced a ‘<a href="http://www.zdnet.com/article/ces-2018-intel-announces-major-breakthrough-in-quantum-computing-chip/" target="_blank">major breakthrough</a>’). IOTA is striving to be the new base layer for the whole Internet of Things (IoT), a whole new ecosystem with millions and billions of connected devices and transactions — of course, such a network must be safe from attacks, also from attacks from Quantum Computers. I shall argue that IOTA — in contrast to Bitcoin and the likes- is using an underlying architecture which makes it safe from malicious attacks carried out by Quantum computers.