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the potential is huge from groundbreaking Healthcare Innovations like curing cancer to solving some of the universe's biggest mysteries quantum computers could revolutionize everything but of course there's also a worrisome side to it which is why you're here quantum computers could also disrupt the digital encryption that keeps all our data Banking and cryptocurrencies safe so let's get to the question that is on top of everyone's mind can Bitcoin be hacked Bitcoin security relies on cryptographic algorithm basically math formulas that protect your transaction and wallets Bitcoin uses two main algorithms one is ecdsa 2560 this algorithm generates the public and private keys that secure Bitcoin wallets the public key is shared to receive Bitcoin while the private key is the sensitive part that lets you spend it right now it's computationally infeasible for the current computers to reverse engineer the private key from the public one but quantum computer using something called Shores algorithm could potentially crack this and figure out your private key letting hackers steal your Bitcoin the second security algorithm is sha256 something you've probably heard about before this algorithm secures Bitcoin blockchain it makes it nearly impossible to reverse engineer transaction data or find two different inputs that produce the the same output but with Quantum computerss growth algorithm could speed up this process making it easier to Brute Force the sh2 560 hash
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