I have been investigating how Bitcoin works and I noticed the way transactions are verified and signed is based on a RSA system. Since I took a great interest in Quantum Computing recently as well, I reckon that in the hypothetical case that a QC pops out of a lab somewhere, besides the internet as a whole, wouldn't Bitcoin be at risk as well? And if so, why not move it to a more Quantum Safe system just in case? Not that I know of any such system, I'm just curious as to why such precautions where not taken if they and the problem exist.
What crypto currencies are safe from the grasp of corporate conglomerates accessing quantum computing to control the bitcoin blockchain? Set at a difficulty of 2500 cubits; Satoshi didn't realize how smart humans would become. 2022 the earliest anyone with $10,000 can use quantum computing power.
I wish I was making this up. Well, its not specified what you can do with the computer and for how long to use. Anyway, there's a good chance bitcoin gets spared somehow and the elites use quantum computing as leverage to shut us up.
Are Proof of Work Blockchains like Bitcoin Cryptographically Safe Against Light-Based or Quantum Hardware?
Basically, I found on another thread here that leaked research from the Skynet project that is developing some type of Light-based hardware for blockchains aside from their blockchain chips and IoT blockchain network. Didn't see very good responses about any Photonic-based cryptography so wanted to try asking again. My questions:
People usually talk about Quantum Proof but the Field of Photonics seems to be possibly more advanced than quantum processors. Since Light-Based hardware is millions of times faster than conventional hardware, would Photonic ASICs be good at breaking public-key cryptography?
Is Ethereum or Bitcoin resistant to Photonic Proof of Work or Quantum Proof of Work given their current consensus models?
If so, what would be the ways to prevent it from happening?
Paper: https://drive.google.com/file/d/1iBc9RJyuJm6cTt7XlIZM7sYXA4j7Frcm/view Project Reference: http://skynet.co/ "One of the possible research areas and implementations of Skynet is a single-node photonic RC design with the Inception core. This would enable the Skynet Core to use minimal power while processing millions of times faster than conventional hardware. One of the major problems in today’s computer science is the development of new hardware that could accelerate machine learning techniques. That hardware should be inherently fast, energy-efficient, and address information exchange bottlenecks present in now ubiquitous Von Neumann architecture. We will focus specifically on the so-called single-node photonic RC, which promises additional benefit of high-speed information processing and a solution to the high-degree network connectivity problem, based on complex nonlinear delay dynamics." Although it's really tempting please don't shill projects. There's got to be a couple cryptographers in this subreddit.
But even if everyone moved their funds to quantum-safe addresses, inactive wallets would still be vulnerable – and it’s hard to predict how the market will react if some coins are safe and others aren’t. Quantum-Resistant Cryptocurrencies . Mainstream cryptocurrencies will have to adapt, but some altcoins have been working on quantum resistance from the start. Many quantum-resistant ... Is it safe to use Bitcoin? In its ten years of history, Bitcoin, when used and stored correctly, has proven itself to be a reliable financial instrument when it comes to storing value, secure borderless peer-to-peer money transfers, ... Bitcoin Is Not Quantum-Safe, And How We Can Fix It When Needed. by Vitalik Buterin. July 31, 2013. In the past year or so, it has come to be a known fact in Bitcoin technical circles that Bitcoin, in its current form, is partially quantum-safe. The claim is that used Bitcoin addresses – that is, addresses which have both received and sent bitcoins, have their corresponding public key exposed ... quantum computer the address is no longer safe and thus should nev er be used again. While always using fresh addresses is already the suggested practice in Bitcoin, in practice this is not always ... Es zeigt sich: Bitcoin ist vergleichsweise quantum safe. Natürlich gilt das nur solange niemand einen besseren Algorithmus als Grover für das Finden des Public Keys entwickelt. Deshalb ist es weiterhin interessant, ob Bitcoin-Developer sich überhaupt dieser Frage annehmen. Frei nach dem Motto „Be your own bank” wäre es außerdem wünschenswert, wenn der einzelne Bitcoin-Nutzer nicht ...
A Deep Dive into Quantum Safe Blockchain Technology this week on Blockchain Weekly
Is quantum computing a threat to Bitcoin? How can Bitcoin become more secure against a quantum computing attack? Will this upgrade require moving coins to ne... Find out more about Quantum Resistant Ledger Quantum Resistant Ledger Site: Quantum Resistant Ledger Blog . ----- Encrypted Times Twitter: Google+ . Hi! I love Cryptocurrencies. Subscribe! For ... Quantum computers are coming online this year - and they might pose a threat to bitcoin, ethereum, and even modern cryptography. Find out what they can do an... http://BlockchainWeekly.io - Blockchain Weekly - A Deep Dive into Quantum Safe Blockchain Technology. Sean Worthington is the Lead Scientist for CloudCoin.Gl... =====(bitmex trading live)===== The Quantum Trader Automated Bitcoin Trading Live-Stream #bitmex trading course #bitmex trading bot python #bitcoin trading b...