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Ritika Sharma Monday, 13 January 2020, 03:49 EST Modified date: Monday, 13 January 2020, 05:00 EST

Quantum computing whenever hit the headlines left not just Bitcoin holders but also every Cryptocurrency holder worried about the uncertainty around their holdings.

It widely believed that the underlying technology of Bitcoin, Blockchain is immutable, meaning it cannot be changed or encrypted without authority over encryption keys.

However, with quantum computers, it is possible to break a blockchains cryptographic codes. Quantum computing can hit the most significant features of Blockchain like unchangeable data, unalterable, and security making it vulnerable.

Google has achieved quantum supremacy as of late 2019, which poses a threat to Bitcoin. It will be a threat to Blockchain, as quantum computing will affect one blockchains key features like inalterability and security, thus making Blockchain as highly vulnerable technology.

Later, china Joined Google in the quantum supremacy Race and announced working on quantum technology. With this, the year 2020 might witness the end of the Crypto Era.

How can Quantum computing break the Blockchain?

The reason behind this fear is quite genuine and straightforward: Bitcoin or any Cryptocurrency depends on cryptography, hash functions, and asymmetric cryptographic number mainly relies on the computing power of computers. The hash function calculates a random number for each block.

The results obtained by this process are effortless to verify, but challenging to find. However, quantum computing has powerful algorithmic capabilities, which is precisely the enemy of this key.

Quantum computing uses subatomic particles, which will be available in more than one state at one time. This feature makes Quantum computing faster than the technology we use today.

Quantum computers can work 100 million times faster than current systems; the computational power is capable of solving any complex mathematical equation in a matter of a few seconds, which current systems take 10,000 years to solve.

With such super computational powers, Quantum computers is capable of calculating the one-way functions that will make one-way encryption obsolete.

The risk over Blockchain is more if it gets in the wrong hands. Hackers with a quantum computer can hack the Cryptocurrency ledger and take complete control of Blockchain.

Will Googles Quantum computing wipe out your Bitcoins?

Googles quantum Supremacy only to traditional computers on classical problems; this isnt actual quantum technology. It was presented bluntly as, quantum supremacy, though it is just a step in the world of quantum computing space.

Even if Googles quantum computer demonstrates, its computing power on specific problems far exceeds the best performing supercomputing. The results of this research by Google do not have much meaning in terms of Bitcoin. This isnt even near to what we can call breaking Bitcoin or Blockchain.

However, Googles quantum supremacy does not pose any threat to Bitcoin; many people in the space still stressed about quantum threat theory. Many analysts claim that the quantum algorithm used by Shor can crack private keys, but again, there Is a long way to go before it could break bitcoins Blockchain.

According to researchers, a quantum computer with 4,000 qubits is undoubtedly able to break the Blockchain. Still, googles the quantum computer has only 53 qubits, which cannot cause any harm to Blockchain, and it is worth mentioning that The higher the qubit, the more difficult it becomes.

Satoshi Nakamotos Proposed solution to beat Quantum Supremacy

Satoshi was a true visionary, the things we are concerned about today, and had already been answered by him. In 2010, satoshi Nakamoto responded to the question about quantum computers by username llama on bitcoin talk.

He replied that If Bitcoin suddenly cracked, the signature will be destroyed; but if it is slowly changed, the system still has time to convert to a stronger function, and Re-sign all your assets. Another cruder answer to this question suggested by the author of Mastering Bitcoin, Andreas Antonopoulos, If the quantum computer comes, we will upgrade.

The Quantum supremacy threat isnt new to the crypto world, and many cryptocurrency projects such as Ethereum, quantum chains, etc., focused on making blockchain quantum resistance, experts in Cryptocurrency space also advocating the development of quantum encryption technology to ensure the security of funds.

Unless a threat of Actual Quantum computing of far more powerful processor explodes, Bitcoin and its developers still have time to secure it. With the continuous development in Quantum technology and the development of more qubit chips, still, there will be the sword of Damocles hanging on the head of the cryptocurrency.

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Googles Quantum Supremacy will mark the End of the Bitcoin in 2020 - The Coin Republic

What are some bleeding-edge information technology developments that a forward-thinking CIO should keep an eye on?

Here are a few emerging technologies that have caught my attention. These are likely to have an increasing impact on the world of business in the future. Consider which ones you should follow a little more closely.

A recent advance in quantum computing that a Google team achieved indicates that quantum computing technology is making progress out of the lab and closing in on practical business applications. Quantum computing is not likely to change routine business transaction processing or data analytics applications. However, quantum computing is likely to dramatically change computationally intense applications required for:

Since most businesses can benefit from at least a few of these applications, quantum computing is worth evaluating. For a more detailed discussion of specific applications in various topic areas, please read: Applying Paradigm-Shifting Quantum Computers to Real-World Issues.

Machine learning is the science of computers acting without software developers writing detailed code to handle every case in the data that the software will encounter. Machine learning software develops its own algorithms that discover knowledge from specific data and the softwares prior experience. Machine learning is based on statistical concepts and computational principles.

The leading cloud computing infrastructure providers machine learning routines that are quite easy to integrate into machine learning applications. These routines greatly reduce expertise barriers that have slowed machine learning adoption at many businesses.

Selected business applications of machine learning include:

For summary descriptions of specific applications, please read: 10 Companies Using Machine Learning in Cool Ways.

Distributed ledger technology is often called blockchain. It enables new business and trust models. A distributed ledger enables all parties in a business community to see agreed information about all transactions, not just their own. That visibility builds trust within the community.

Bitcoin, a cryptocurrency, is the mostly widely known example application of blockchain.

Distributed ledger technology has great potential to revolutionize the way governments, institutions, and corporations interact with each other and with their clients or customers.Selected business applications of distributed ledger technology include:

For descriptions of industry-specific distributed ledger applications, please read: 17 Blockchain Applications That Are Transforming Society.

The Industrial Internet of Things (IIoT) is a major advance on Supervisor Control and Data Acquisition (SCADA). SCADA, in many forms, has been used for decades to safely operate major industrial facilities including oil refineries, petrochemical plants, electrical power generation stations, and assembly lines of all kinds.

IIOT is a major advance over relatively expensive SCADA. IIoT relies on dramatically cheaper components including sensors, network bandwidth, storage and computing resources. As a result, IIoT is feasible in many smaller facilities and offers a huge increase in data points for larger facilities. Business examples where IIoT delivers considerable value include production plants, trucks, cars, jet engines, elevators, and weather buoys.

The aggressive implementation of IIoT can:

For summary descriptions of specific IIOT applications, please read: The Top 20 Industrial IoT Applications.

RISC-V is an open-source hardware instruction set architecture (ISA) for CPU microprocessors that is growing in importance. Its based on established reduced instruction set computer (RISC) principles. The open-source aspect of the RISC-V ISA is a significant change compared to the proprietary ISA designs of the dominant computer chip manufacturers Intel and Arm.

RISC-V offers a way around paying ISA royalties for CPU microprocessors to either of the monopolists. The royalties may not be significant for chips used in expensive servers or smartphones, but they are significant for the cheap chips required in large numbers to implement the IIOT applications listed above.

For an expanded discussion of RISC-V, please read: A new blueprint for microprocessors challenges the industrys giants.

What bleeding edge information technology developments would you add to this list? Let us know in the comments below.

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Bleeding edge information technology developments - IT World Canada

The world champion, Magnus Carlsen, starts his 2020 campaign on Saturday when he meets his arch rival Anish Giri in the opening round at Tata Steel Wijk aan Zee, the traditional Dutch tournament which he has dominated ever since he won its C group aged 13. In his past eight Masters appearances there Carlsen has won seven times and placed second once.

Carlsen and Giri have had some sharp clashes on Twitter, and a highlight of the 29-year-old Norwegians interview with the Guardian on Thursday was his relish in recounting how he psychologically crushed the Dutch champion when they met at Zagreb last summer.

The Wijk pairings have been kind to Carlsen in his quest to set a world record streak of 111 games unbeaten, breaking Sergei Tiviakovs mark of 110 against lesser opponents in 2004-05. He is in the top half of the draw with an extra White, and will hope for full points from some of his next opponents Yu Yangyi, Jeffery Xiong and Jorden van Foreest.

Carlsen is in the best form of his career after his vintage 2019 when he won 10 elite events, was unbeaten in classical play, held three global crowns, and in his spare time briefly reached No 1 in Fantasy Premier League. The fifth round at Wijk will be played in PSV Eindhovens Philips Stadion. Rounds start at 1.30pm and are free and live to watch online with grandmaster and computer commentaries.

Last summer, when Carlsen triumphed in Zagreb, where his game was zestful and sharp after his work with AlphaZero, he looked ready to break his own record rating of 2889 points and go for a round 2900. That proved a bridge too far and he starts the year at 2872. He will not achieve all those 28 points at Wijk but a strong performance there would set up another shot at the record in the spring.

Dangers abound. Fabiano Caruana, the world No 2, chose a lower profile in 2019 but will aim at a good start to the year before the candidates in March where the American aims to qualify for a world title rematch and avenge his defeat in 2018. Wesley So, the winner at Wijk 2017 in Carlsens only blemish, crushed him in Oslo for the Fischer Random title.

Alireza Firouzja, the 16-year-old whose world blitz game against Carlsen sparked a huge controversy, will aim to match Bobby Fischer, Boris Spassky and Carlsen himself, who all showed their world class at that age.

Tata Steel Wijk is such a reliably classic fixture to launch the chess year that it is easy to forget that its future is not assured. Steel production is in severe decline in Europe, and 2019 was a poor year for Tata Steel Netherlands. In November the Indian multinational announced job cuts which may involve nearly 20% of its 9,000 Dutch workforce.

Chinas Ju Wenjun, 28, took a 2.5-1.5 lead on Thursday in her womens world title defence against Russias Aleksandra Goryachkina, 21. Their 12-game series has a record prize fund 500,000 for any womens world championship, though this is still only a fraction of what Carlsen and his challenger will earn later this year. The first half is in Shanghai, with a 7.30am start, and the second half at Vladivostok from 5.30am.

For most of this century the womens title has been decided by a 64-player knockout, leading to a rapid turnover of champions, but the format has now reverted to a candidates tournament and a title match. Nigel Short is trebling up as chairman of the appeals committee, official match commentator and Fide representative.

The womens match which would attract most interest from chess fans, between the two clearly best players of all time, has never happened except for a single game in the 2012 Gibraltar Open. Judit Polgar v Hou Yifan is the female version of Bobby Fischer v Anatoly Karpov, the legends match that never was. It could still happen if Rex Sinquefield, who organises many similar events at St Louis, gets involved.

3653 After 1...Rd6+? 2 Kc3 Qf3+ 3 Qe3 Blacks checks ran out and White won with his extra rook. Instead 1...Qf3+! wins after 2 Kc4 (2 Kc2 Re2 wins Q for R) Re4+! 3 Kc5 Qa3+! when 4 Rb4 a5 and 4 Kxc6 Qa6+ both win a rook when Blacks extra pawns decide.

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Chess: Magnus Carlsen to face arch rival Anish Giri in opening round at Wijk - The Guardian

A Pew Research Center survey found that wealth inequality is a big issue for American voters, regardless of political party, heading into the 2020 election. It even beat out illegal immigration, which is the platform incumbent President Donald Trump rode to victory in 2016.

The survey, released Thursday, found that 61% of Americans polled said there is too much income inequality in America, while 42% think that reducing it should be a major priority for the government. Fighting illegal immigration was only a major priority for 39% of those surveyed.

Suffolk University Political Research Center Director David Paleologos said that while the the record stock market is good for Trumps chances to retake the presidency in 2020, income inequality, and wealth inequality, is most pronounced when the stock market is doing well, Paleologos said, according to MarketWatch, which can be a boon for Democrats who can run on that platform to gain support from undecided voters.

When looking at the survey results overall, four of the five things that voters see as top priorities for the federal government leaned in favor of Democrats. Affordable health care was the most important issue to fix with 72% of voters, regardless of party-leanings, saying it needed to be addressed.

Dealing with terrorism was ranked the second-most important issue to address at 65%, while reducing gun violence (58%) and addressing climate change (49%) rounded out the top five.

Progressive Democrats like Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, D-Ver., vying for the primary and the chance to take on Trump have made wealth inequality a centerpiece of their platform. Both candidates have proposed wealth taxes that aim to tax the super-rich to fund a multitude of proposals like health care.

Another study released Monday showed some of the effects income inequality is having on America. The Life Experiences and Income Inequality in the United States report released by Harvards Chan school, the Robert Wood Johnson Foundation and National Public Radio, found that the top 1% of income earners basically anyone making $500,000 or more per year are living completely different lives.

Most of the top 1% highest income adults say they are very satisfied with their lives overall, their finances, their housing, their education, and their jobs, the study said.

Comparatively, middle- and lower-income adults report greater dissatisfaction than the top 1% in all of these areas, it added. Adults in the top 1% also report lower levels of anxiety about the future than middle- and lower-income adults. Few in the top 1% say they experience any major financial worries, and few ever have problems with medical or dental bills or prescription drug costs, the report said.

Only 8% of those making more than $500,000 had experienced any turmoil in regards to health expenses. Thats compared to 48% of those making $35,000 to $99,000 saying that medical expenses were an issue.

But what may be the most interesting find of the study is that the poor and middle class were almost as likely as the super-rich to say hard work paid off. Around 56% of poor, and 82% of the middle class, said they were either on their way or had achieved the American dream as well.

Maybe money isnt everything, but it seems to be a growing issue for many Americans.

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Survey: Wealth Inequality Beats Illegal Immigration as Top Issue for US Voters - Money and Markets

Sen. Martha McSally, R-Ariz., discusses President Trump's immigration policy that requires asylum seekers to wait for their court hearings in Mexico instead of settling in the U.S.

An Idaho state senator wants his state's government to allow illegal immigrants to earn driver's licenses, although the cards would not work for purchasing alcohol or voting.

Jim Guthrie, a Republican, plans to introduce such legislation this month or in Februarywith the blessing of the Idaho Dairymen's Association, according to Townhall.com.

NY DMV DRAWS CROWD OFFERING UNDOCUMENTED IMMIGRANTS DRIVER'S LICENSES

"We have undocumented aliens in the country, and that's a given,"Guthrie told the Idaho State Journal. Until the federal government decides to address the illegal alien situation, (the proposed legislation) gives us the opportunity to maximize that workforce while they're here, because they're here anyway and driving anyway."

An individual residing in the U.S. illegally would need to renew the driver's license every year and pass the same driving tests as a citizen, according to Townhall.com.

Part of Guthrie's motivation lies in a shortage of farmworkers and truck drivers.

"One of the responsibilities of the Legislature is to be responsive to the needs of constituents, and I'm hearing a very considerable need for this from my constituents,"Guthrie said. "I genuinely think it will help agriculture, and I'm getting a receptive ear on the issue."

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Bob Naerebout, CEO of the Dairymen's Association, said such legislation would go "way beyond agriculture."

"I think it has impacts on all of society collectively," Naerebout said according to Townhall."Quite frankly, if you take the time to look at (the issue) you should be supportive. You should be supportive of the fact that if we have people driving on the roads, they should be properly educated and trained to drive. We want people on the roads who have insurance."

New Yorkrecently passed theDriver's License Access and Privacy Act, whichallowsany person over 16 years of age to apply for a state driver's license regardless of U.S. citizenship status.

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Idaho to consider allowing undocumented immigrants to earn driver's licenses - Fox Business