Frequently asked quantum questions (FAQQ) 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 contributing members from the Quantum Resistant Ledger.
- 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.
Current News Articles (2021)
- 09/2021 Nasdaq: the danger of quantum computers to crypto
- 09/2021 Eurekalert: Light does the twist for quantum computing
- 09/2021 ZDNet: Investors are getting excited about quantum computing
- 08/2021 Forbes: Bitcoin vulnerable as soon as 2026?
- 08/2021 Researchers create a scalable quantum chip that works at room temperature
- 08/2021 A Quantum computer will fit in your phone in the future
Series: Quantum resistant blockchain and cryptocurrency, the full analysis
- Laying the groundwork
- Blockchain mathematical concepts
- Quantum resistant blockchains explained
- Challenges in upgrading existing blockchains
- Challenges in upgrading existing blockchains, continued
- Why BTC is vulnerable for quantum attacks sooner than todays estimates
- Common arguments and false claims