Post
Topic
Board Development & Technical Discussion
Merits 10 from 4 users
Re: Quantam: How Long Before Computers Crack Private Keys
by
squatter
on 14/02/2020, 11:03:24 UTC
⭐ Merited by bones261 (4) ,joniboini (4) ,JollyGood (1) ,malevolent (1)
If not via Quantam computers then maybe in a different way but will accessing private keys eventually happen?

Imagine checking your wallet one day just to discover the balance is zero, most probably because the private key has been cracked by a supercomputer of sorts.

Here's a relevant paper that speculates about when ECDSA will be broken: Quantum attacks on Bitcoin, and how to protect against them

Quote
The elliptic curve signature scheme used by Bitcoin is much more at risk and could be completely broken by a quantum computer as early as 2027, by the most optimistic estimates.

Wasabi Wallet creator nopara73 believes 2022–23 is closer to the mark:

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For Bulletproofs, what matters is the Shor RSA2048 line, which is predicted to be broken in 2022–23. In fact, ECC is more vulnerable than RSA in a post-quantum world, so our discrete logarithm assumption may be broken even sooner.