Quantum computers are still more of a sci fi thing than a reality and they re definitely not coming tomorrow. Other cryptography does have something to worry about but people have been working on it for a while and so you shouldn t worry too much about it. Bitcoin doesn t have that much to fear from quantum computing regardless and i don t think the system is ill prepared to deal with it.
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What if someone sets up quantum computer to mine bitcoin. Other day i saw report on quantum computer and its capacity on crunching numbers. What quantum computer can do to bitcoin.
Popular all random users askreddit news pics funny gaming aww worldnews videos todayilearned twoxchromosomes gifs mildlyinteresting jokes tifu personalfinance movies science. Is this anything to worry about. I know this is a bit far fetched but what do you think of the possible threat quantum computing may pose to bitcoin.
I dont know much about quantum. Perhaps government and large corporations would get a hold of the technology first and use it to their advantage therefore a new currency would have to be made and adapted to the age of quantum computing. Wouldn t the developement of quantum computing just be a wash due to the fact that the bitcoin network could then implement quantum computers as well.
128 bits is the usual threshold for effectively unbreakable so it s still fine. Quantum computers can effectively halve the number of bits of security via grover s algorithm thus turning a 256 bit search space into the equivalent of a 128 bit search space. Almost all cryptographic functions that provide 256 bit security are still fine even if a good quantum computer is made.
A large percentage of bitcoin enthusiasts are libertarians though people of all.
Bitcoin quantum computing reddit. Bitcoin is a distributed worldwide decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever. There is no government company or bank in charge of bitcoin. You might be interested in bitcoin if you like cryptography distributed peer to peer systems or economics.
You might be interested in bitcoin if you like cryptography distributed peer to peer systems or economics. There is no government company or bank in charge of bitcoin. Bitcoins are issued and managed without any central authority whatsoever.
Bitcoin is a distributed worldwide decentralized digital money.
