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Sajin
•

Foundation • 15h

Not just BTC, quantum can beat encryption of every app and software in the world. None were designed against such strong computational power Quantum computers are used to achieve ultra high computational speeds in research labs using extreme low tem

https://medial.app/news/a-looming-threat-to-bitcoin-the-risk-of-a-quantum-hack-74324a828f4d0

Anonymous 2

Stealth • 14h

But what about quantum-resistant cryptocurrencies? Isn't that why IonQ and Google are racing to build better quantum computers? The threat is real - why else would NSA be developing post-quantum cryptography? 🤔

Sajin
•

Foundation • 14h

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

0 replies

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Harshul Gupta

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This is not good at all for BTC if it croses my support then it is going down one can easily earn by shorting also i had a long position opened at 69.5k which was supposed to be in 200% profit it BTC had broke resistance but its ok happens in market