Artificial Intelligence has been the biggest thread alongside memecoins in 2023. ChatGPT took the world by storm, and with it, this emerging technology was brought to the forefront of mainstream attention.
Everyone seems to have an opinion on AI, and the cryptocurrency industry is no exception. Many projects that incorporate some form of it in their roadmap have seen explosive growth. And, of course, as it’s almost always the case with crypto – even if they don’t use AI but have it in their name – growth follows, albeit temporarily.
With this in mind, we decided to dig a bit deeper and see what the next emerging technology that could impact crypto as much as AI did is. More importantly, we decided to talk to ChatGPT about it.
Here are its thoughts on the top 4 emerging technologies (apart from AI) that can impact crypto the most in the next 5 years.
ChatGPT Sees Quantum Computing as a Threat to Crypto
First things first, recall that a “boom” is literally used as a synonym for an explosion, and outside of the word’s figurative use, it’s usually associated with devastation.
That said, ChatGPT’s first prediction was that quantum computing could be a threat to the security of traditional cryptographic algorithms.
As quantum computers become more powerful, they could potentially break the cryptographic mechanisms used in cryptocurrencies, compromising their security. This has led to ongoing research into quantum-resistant cryptohgraphic algorithms and the development of post-quantum cryptography to safeguard cryptocurrencies in the future.
It probably goes without saying, but this has been a topic of debate for many years now, and both sides have some sort of valid arguments. The downside for those arguing that a quantum computer could be the end of Bitcoin is that it foregoes many variables, such as the motivation behind an act of the kind, the potential competition between multiple quantum computers that would work against each other to solve the algorithm first, the energy required to do so, and much more.
Of course, theoretically, a supercomputer that works out of the restrains of 1s and 0s can crack Bitcoin, but
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Author: George Georgiev