Post
Topic
Board Altcoin Discussion
Re: Quantum computer will kill bitcoin
by
Ix
on 10/12/2017, 21:40:47 UTC
Quantum Computing will NOT even touch cryptocurrency

If you spend some time training on the 5 Qubit IBM training system you will learn in the literature that it can only reduce the problem set by a SQRT.



This is a reference to hashing algorithms and Grover's solution.

Shor's solution breaks public key cryptography: https://en.wikipedia.org/wiki/Shor's_algorithm

"If a quantum computer with a sufficient number of qubits could operate without succumbing to noise and other quantum decoherence phenomena, Shor's algorithm could be used to break public-key cryptography schemes such as the widely used RSA scheme."

All cryptos using ECDSA are highly vulnerable.