Quote from: Artemis3 on December 23, 2019, 05:04:48 PM

Quote from: Harrydose on December 23, 2019, 10:05:18 AM

Since Google asserted quantum amazingness in the not so distant future, the effect of quantum computers on bitcoins and the blockchain network has much estimated. Deloitte in its most recent reports Quantum PCs can break the numerical trouble basic cryptography and would thus be able to put the bitcoin tasks under hazard. Let us investigate how this works out.

Asymmetric cryptography creates an open private key pair with a numerical relationship. The mystery private key used to make an advanced mark that can be confirmed utilizing the general public key and verified through the scientific guideline called one-way function.

There are no "Quantum PCs" The current Quantum Computers are primitive and MASSIVE, they need a whole building. We might be many decades early for Quantum PCs. And the "dangers" to Bitcoin will come much before Quantum PCs exist, and that is still many years away.

Deloitte is wrong, and the actual term is "Quantum Supremacy", as there is a prize involved in achieving it. There is nothing amazing about it. Bitcoin has mitigations ready and there is nothing to worry.

Yup. This is just a scare story. Quantum computing isn't going to arrive for a few decades, and by then we'd have invented a tougher version of encryption that they can't break.