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It's put together by community members from the Quantum Resistant Ledger and other blockchain projects. | It's put together by community members from the Quantum Resistant Ledger and other blockchain projects. | ||
==<strong> | ==<strong>Assertions and misconceptions</strong>== | ||
=== Assertions === | |||
# [[quantum_computing_is_coming|Quantum Computing is Coming]] | |||
#[[its_going_to_affect_bitcoin|It's going to affect Bitcoin]] | |||
== <strong> | === Misconceptions === | ||
# [[bitcoin_has_plans_for_this|Bitcoin's developers have already planned for this.]] | |||
#[[but_bitcoin_will_fork|Bitcoin will just hard/softfork]] | |||
#[[if_they_can_break_sha256|If they can break SHA_256, we’ll upgrade to SHA_384]] | |||
#[[not_reusing_addresses_not_a_solution|But if you don’t reuse addresses, you’re safe because BTC only exposes the hash of your public key if you have never transferred BTC from that address]] | |||
#[[quantum_computing_is_far_away|Quantum computing is a long ways away, there's no need to bother]] | |||
#[[what_about_banks|If ECDSA will be broken, banks and the whole internet is broken. Blockchain is the least we’ll need to worry about then.]] | |||
==<strong>Further resources</strong>== | |||
=== Series: Quantum resistant blockchain and cryptocurrency, the full analysis === | === Series: Quantum resistant blockchain and cryptocurrency, the full analysis === | ||
Revision as of 21:33, 23 February 2021
Frequently asked quantum questions is a wikimedia website towards answering in a well-referenced fashion, common statements, assertions, and misconceptions about how quantum computing will effect Bitcoin along with the rest of the blockchain space.
It's put together by community members from the Quantum Resistant Ledger and other blockchain projects.
Assertions and misconceptions
Assertions
Misconceptions
- Bitcoin's developers have already planned for this.
- Bitcoin will just hard/softfork
- If they can break SHA_256, we’ll upgrade to SHA_384
- But if you don’t reuse addresses, you’re safe because BTC only exposes the hash of your public key if you have never transferred BTC from that address
- Quantum computing is a long ways away, there's no need to bother
- If ECDSA will be broken, banks and the whole internet is broken. Blockchain is the least we’ll need to worry about then.
Further resources
Series: Quantum resistant blockchain and cryptocurrency, the full analysis
- 1. Laying the groundwork
- 2. Blockchain mathematical concepts
- 3. Quantum resistant blockchains explained
- 4. Challenges in upgrading existing blockchains
- 5. Challenges in upgrading existing blockchains, continued
- 6. Why BTC is vulnerable for quantum attacks sooner than todays estimates
- 7. Commong arguments and false claims
