Topic: Quantum computers will end Cyrpto - page 3. (Read 1419 times)
Quantum computers are still in their infancy, but by 2027 they will be able to crack elliptical cryptography, on which digital signatures are based, confirming the ownership of tokens in Bitcoin's blockade and other crypto-currencies. For protection, it is necessary to start developing technology that is used to Verification of transactions in the chains of the distributed POW registry.
I disagree because cryptocurrencies are going to solve this issue by making changes in their protocols before that happens.
Exactly. They are already working on it with coins such as QRL.
No point getting fearful and stopping yourself making money now in the next few years anyways.
I disagree because cryptocurrencies are going to solve this issue by making changes in their protocols before that happens.
I can see that happening.
But it will be just seen as the next evolution of what crypto is right now.
It is a natural progression.
But it will be just seen as the next evolution of what crypto is right now.
It is a natural progression.
I've been thinking about this lately and came to this conclusion.
When/If we get quantum computers we will know about this ahead of time. All that needs to happen is that we change the cryptography to quantum resistant tech. If that's possible I'm not sure but since it's just code I'm going to say it is.
People will have to transfer their cryptos to these new quantum resistant addresses on each blockchain.
Any coins left in older addresses will be susceptible to quantum attacks.
When/If we get quantum computers we will know about this ahead of time. All that needs to happen is that we change the cryptography to quantum resistant tech. If that's possible I'm not sure but since it's just code I'm going to say it is.
People will have to transfer their cryptos to these new quantum resistant addresses on each blockchain.
Any coins left in older addresses will be susceptible to quantum attacks.
I agree with above. As far as I understand it, quantum computers should be really good in some computations while they will not be suitable for some others. Therefore, new algorithms will have to be incorporated for mining and encryption.
IMHO biggest problem will be brute force attacks. Quantum computers should be able to crack some passwords which are considered secure these days.
With a little anticipation, it will definitely not end crypto. There are already some project that are quantum resistant, and I believe more and more coins will add this feature, as the threat become bigger every day.
Of course, if you don't pay attention, if you don't update your wallet, if you don't sell the coins that are the most exposed, etc... Yes, you might end up robbed. Just basic safety. You wouldn't store your gold on your kitchen table. You don't want virus / malwares / trojans on your crypto computer, and as the time goes, you might want to reduce your potential exposure to quantum tech.
By the way, we are still far from home user quantum computer (about 15 millions $ I believe), but they already exist in few labs around the world, and I guess in some giant techs companies as well. So the threat is already here, even if, for now I doubt the few quantum owners give a shit about hacking crypto.
Of course, if you don't pay attention, if you don't update your wallet, if you don't sell the coins that are the most exposed, etc... Yes, you might end up robbed. Just basic safety. You wouldn't store your gold on your kitchen table. You don't want virus / malwares / trojans on your crypto computer, and as the time goes, you might want to reduce your potential exposure to quantum tech.
By the way, we are still far from home user quantum computer (about 15 millions $ I believe), but they already exist in few labs around the world, and I guess in some giant techs companies as well. So the threat is already here, even if, for now I doubt the few quantum owners give a shit about hacking crypto.
I've been thinking about this lately and came to this conclusion.
When/If we get quantum computers we will know about this ahead of time. All that needs to happen is that we change the cryptography to quantum resistant tech. If that's possible I'm not sure but since it's just code I'm going to say it is.
People will have to transfer their cryptos to these new quantum resistant addresses on each blockchain.
Any coins left in older addresses will be susceptible to quantum attacks.
When/If we get quantum computers we will know about this ahead of time. All that needs to happen is that we change the cryptography to quantum resistant tech. If that's possible I'm not sure but since it's just code I'm going to say it is.
People will have to transfer their cryptos to these new quantum resistant addresses on each blockchain.
Any coins left in older addresses will be susceptible to quantum attacks.
Aren't they just computers but alot faster? how would you be able to block them form making new coins won't they just have ways to work around the blocks?
I've been thinking about this lately and came to this conclusion.
When/If we get quantum computers we will know about this ahead of time. All that needs to happen is that we change the cryptography to quantum resistant tech. If that's possible I'm not sure but since it's just code I'm going to say it is.
People will have to transfer their cryptos to these new quantum resistant addresses on each blockchain.
Any coins left in older addresses will be susceptible to quantum attacks.
When/If we get quantum computers we will know about this ahead of time. All that needs to happen is that we change the cryptography to quantum resistant tech. If that's possible I'm not sure but since it's just code I'm going to say it is.
People will have to transfer their cryptos to these new quantum resistant addresses on each blockchain.
Any coins left in older addresses will be susceptible to quantum attacks.
It might not completely blow crypto out of the water though; they're just 3600 times as fast as a supercomputer. (don't entirely trust the source)
So that wouldn't end it right? wouldn't the prices for the coins massively drop ,only to then be mined to the extend that we are back fromm were we left off.
Or do you guys think people wouldn't bother anymore?
So that wouldn't end it right? wouldn't the prices for the coins massively drop ,only to then be mined to the extend that we are back fromm were we left off.
Or do you guys think people wouldn't bother anymore?
Quote
Quantum computers will end Cyrpto
I agree. But you are not going to get anyone to drop their coins right now because of it.
People do not care about the future. They only care about right now.
Shortsightedness must be an evolutionary trait.
Big statement thread title haha.
Watched click on the weekend, talking about Quantum computers, they're a long long way off. I enjoy science so understand the basic theory behind quantum physics, from quantum entanglement to Schrödinger cats theory.
If the binary digits can be both 1 and 0 at the same time means that any calculation can instantaneously be worked out.
therefor when and if we ever seen Quantum computers surely they could effectively solve the entire blockchain algorithm instantly.
That's my basic understanding. So effectively crypto is not really a future currency so to speak.
Any thoughts.... I'm probably complete wrong haha
Watched click on the weekend, talking about Quantum computers, they're a long long way off. I enjoy science so understand the basic theory behind quantum physics, from quantum entanglement to Schrödinger cats theory.
If the binary digits can be both 1 and 0 at the same time means that any calculation can instantaneously be worked out.
therefor when and if we ever seen Quantum computers surely they could effectively solve the entire blockchain algorithm instantly.
That's my basic understanding. So effectively crypto is not really a future currency so to speak.
Any thoughts.... I'm probably complete wrong haha
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