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Billionaire Tim Draper warns of a bigger threat to banks
Billionaire venture capitalist Tim Draper is not the one to shy away from sharing his views, no matter how much others disagree with him. So, when he was asked about the quantum threat to finance, he didn't hesitate to share his frank opinion. It was in the 1990s that the Massachusetts Institute of Technology (MIT) mathematician Peter Shor developed the first well-known quantum algorithm to crack encryption. Over decades, quantum computing has seen enormous progress. While the computers active today use binary electrical signals or bits to represent ones or zeros, quantum computers use quantum bits (qubits), which ... (full story)
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