Quantum Memory: The Device That Breaks Bitcoin and Replaces It
The most consequential device in cryptography does not exist yet. Quantum memory, an Oxford lecturer argues, will decide whether Bitcoin (BTC) breaks or gets replaced by something better.
Stefano Gogioso published that argument on Tuesday. He says the promise of quantum cryptography now rests on building a single piece of hardware.
"The development of portable long-term quantum memory will be one of the most consequential milestones of quantum technology. These devices will power an entirely new class of applications, such as quantum money, the ultimate incarnation of a digital store of value."
Gogioso, a quantum computing lecturer at the University of Oxford and co-founder of quantum security firm Spooqy, told BeInCrypto.
The Bottleneck Quantum Money Never Cleared
An earlier report from the BeInCrypto Experts Council ended on an unsolved problem. Quantum money cannot be forged, because quantum states cannot be copied.
Nobody, however, can hold those states for long. The best laboratory systems keep one alive for seconds, which is why the case for quantum money has stayed theoretical.
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