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Foundation • 6m
Thats right. But like quantum computing, the safety measures are also at very early stages. Upgrading cryptos like BTC and ETH to quantum-resistant is a big task coz it will have to change the complete infrastructure. BTC code has to be rewritten, but working algorithms for that arent yet developed. Also current BTC communities have to give their consensus for the upgrade. Failure of both these will lead to many forks. Another issue can be validation of previous blocks with the new change leading to many incomplete transactions. But atm we found only few algorithms that can attack us, but there will be more. So even the counter algorithms that are being developed are at early stage, and we dont know if those can be challenged by quantum computers or not
Building SwapEat | I... • 1y
Q-Day, or Y2Q (Years to Quantum), is the date when quantum computers are expected to be able to break public-key cryptography. Cybersecurity and quantum security experts estimate that Q-Day will occur within the next decade. Some say it could happen
See MoreFounder-Hexpertify.c... • 1y
You people suggested that bitcoin will be used as digital currency in the future but how can a cryptocurrency which too volatile can be used instead of currency. Imagine you pay some btc for the food you buy and the next day btc crashes 5 % then the
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