Ethereum already has quantum resistant algorithms ready to go for each part of the system but they perform worse so it doesn't make sense to start using them until quantum computers are more real. There is no long term threat from quantum computing to Ethereum or other systems like it.
Re:Bitcoin is a Ponzi
by arthurcolle on Thursday October 07, 2021 @12:15AM
(#28781807)
They'll make new quantum proof encryption - isn't this an active area of cryptography research?
JQI at UMD, NIST's Quantum Computing Group - these teams must be doing something with all the grant money
QRL is a thing https://www.theqrl.org
It uses XMSS, and does it fairly well.
Re:Bitcoin is a Ponzi
by arthurcolle on Thursday October 07, 2021 @01:45AM
(#28782565)
I'm talking about real technology. I think I owned like 100K of these at some point lmao
I see your point.
But if quantum computers start breaking encryption, crypto currency is probably pretty low on the list of worries…
Quantum proof encryption already exists.
Re:Bitcoin is a Ponzi
by anonporridge on Thursday October 07, 2021 @12:54AM
(#28782137)
sigh...you haven't even begun to understand how bitcoin actually works.
https://en.bitcoin.it/wiki/Quantum_computing_and_Bitcoin#Mit...
Money without an army is just paper. Or, in this case, imaginary numbers.
There will be no one to cry to when the machines start cracking all the hashes and wipe away the entire ecosystem.
I'd wager the NSA already has this capability, but they won't blow it on something so stupid.