Quantum Computing Threat Looms Over Bitcoin

D-Wave's CEO Alan Baratz has warned that quantum computing will eventually break Bitcoin's proof-of-work protocol. He stated that 'it is clear' that advanced quantum machines will outperform hardware used for mining BTC.

The timeline for this event is unclear, but Baratz believes the industry should consider quantum-native alternatives before the technology matures.

D-Wave has demonstrated a new quantum proof-of-work protocol that aims to preserve the competitive nature of proof-of-work while making it resistant to attacks. This approach is roughly 1,000 times more energy efficient than traditional mining methods and could potentially become a viable alternative for BTC.