'Quantum communications is considered by many to be the future of computing technology, as it represents a means by which to create “un-hackable” super-computer networks that perform better and more securely than anything currently in use. But the greatest advancements in this next-level technology are reportedly taking place in China, not in the United States, which could mean the end of encryption as we currently know it – and the end of cryptocurrency security as well.
In just the past several months, China has unveiled a quantum satellite that it says is capable of transmitting data using ultra-secure methods never before utilized for such a task. The satellite establishes a 1,243-mile quantum link between Shanghai and Beijing, a groundbreaking feat that can only be compared to other major milestones like the “space race” that resulted in the Soviet Union launching the Sputnik satellite back on October 4, 1957.
Further, China has also announced that it is opening up a $10 billion quantum computing center in Hefei, located in the Anhui Province. When it opens in 2020, this computing center will focus on not only quantum meteorology but also on building a quantum computer, which would have upwards of a million times more computing power than all of the other computers currently in the world combined.'
Read more: China leaps ahead of USA on quantum computing research; could spell end to encryption, demolishing crypto currencies and national security
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