No quantum computers to crack bitcoin

Bitcoin can be considered spil the currency of the future. Spil a result, people are worried about it reliability. Recently, Andreas Antonopoulos, who is one of the most vooraanstaand figures te the Bitcoin community, stated that Bitcoin is not vulnerable to the attacks that are initiated by Quantum Computers.

Quantum computers have gone through some major developments via the past few years. Ter fact, they became powerful enough to pauze down the elliptic curve cryptography. This made people wonder whether thesis computers are powerful enough to crack Bitcoin. Andreas Antonopoulos made the official announcement during a Q&,A session with the objective of clarifying all thesis doubts that people had. Even with the future developments of quantum computers, Bitcoin would remain unaffected for a very long time. Ter addition, the technical experienced also stated that steps taken by Satoshi helped to create adequate plans ter order to treat the issues that would arise spil a result of quantum computing advancements.

NSA has the most powerful quantum computers that exist out there. Te fact, Google has one of its quantum computers within the gegevens center of NSA. However, Andreas Antonopoulos strongly emphasize the fact that thesis quantum computers are not ter a position to create any influence on Bitcoin yet and people don’t need to keep any doubts te their minds. Even if NSA takes the initiative to develop a quantum laptop that is about Ten times better than what they have, no effects would be exerted on Bitcoin.

This fact leads the conversation to an significant point. Is NSA going to use their advance quantum computers ter order to pauze Bitcoin?

This question has a elementary reaction: “NO”

If the NSA wasgoed making such plans, it would become one of the well-guarded secrets. However, the NSA doesn’t have anything like that at the ogenblik and they are not even making any plans ter order to embark a project with the objective of cracking Bitcoin. Te order to prove this fact, Andreas Antonopoulos brought up an example from the 2nd World War when Enigma wasgoed cracked. At that time, British scientists continued to let the ships drown deliberately with the objective of protecting the well-kept secret. When the secret gets out, the enemy would take required steps ter order to upgrade the technology. If people figures out that Bitcoin can be cracked down with the help of quantum computers, they would instantly take required steps ter order to develop a cryptography that is resistant to quantum computers and algorithms.

Andreas Antonopoulos further stated that there are two different types of cryptographic systems, which are responsible for keeping Bitcoin safe. Spil vanaf him, the process followed by Satoshi to vormgeving the elements wasgoed not something accidental. The very first methodology that is being used by Bitcoin te order to enhance its security is elliptic curve multiplication. This is done on a prime field, where there is a one way function. This system entirely depends on the mathematical principles that are related to prime factorization. This methodology is the most vulnerable one to quantum technology. If quantum computers are being used to crack Bitcoin, special attention would be paid towards this methodology spil it is relatively effortless to be cracked down. The other methodology that is being used by Bitcoin to enhance security is hash algorithms. It is significant to keep te mind that hash algorithms cannot be factorized with the help of quantum technology. Te other words, there aren’t any good algorithms developed, which have the capability to pauze the hashes by using quantum computers.

Spil you can see, elliptic curve multiplication is more vulnerable to be cracked down by quantum computers. Satoshi goes after a unique treatment ter order to mitigate this risk. Ter other words, Satoshi does not waterput the public keys of elliptic key within transactions until they are spent. Bitcoin is associated with a dual hashed version of the public key. Therefore, your public key is not visible to anyone until you voorkeur it through spending the entire transaction. Likewise, if you can go after the fundamental practice of Bitcoin and use different addresses for each and every transaction, you will be able to get enhanced protection. However, you need to be careful enough to spend it downright every single time so that you will be redirected to a fresh address. When your public key does not contain any money, it would be advertised on the network and other people would be able to see it. If you go ahead and crack it, you will be able to receive an empty address.

Spil vanaf Andreas Antonopoulos, Satoshi has taken a wise decision by introducing thesis two layers of enhanced protection. This would contribute a lotsbestemming towards the future security of the cryptocurrency. Wij cannot expect technology to remain the same. At some point of time, a quantum laptop that is capable of cracking the elliptic curve will be developed. Te such a situation, the protocol needs to be upgraded ter order to proceed to ensure the security of Bitcoin.

To summarize, wij can conclude that Bitcoin is not vulnerable to quantum laptop attacks spil of now. Spil vanaf the current trends te technological developments, wij can predict that Bitcoin most most likely won’t be vulnerable during the next few years either. No good algorithms are available te order to pauze the hashes by using quantum computers. The only hope available to pauze Bitcoin is through elliptic keys, but that would not be possible spil of now due to the lack of technological advancements and enhanced layers of protection that have bot introduced.

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