Post
Topic
Board Development & Technical Discussion
Merits 11 from 4 users
Re: Quantam: How Long Before Computers Crack Private Keys
by
figmentofmyass
on 14/02/2020, 12:55:12 UTC
⭐ Merited by bones261 (4) ,joniboini (4) ,Cnut237 (2) ,malevolent (1)
What would be the best way for Bitcoin and alts to protect themselves against this threat when it is on the verge of being created?

post-quantum cryptography like lamport signatures already exists, and it could be implemented into bitcoin today. that's the easy part.

the difficult part is dealing with the 5+ million vulnerable coins (p2pk outputs, outputs sitting in reused addresses, shared xpubs, etc). implementing a post-quantum signature scheme alone doesn't address the fact that 1/3 of the supply is vulnerable to theft. people need to voluntarily move their coins to quantum-safe addresses for the fork to be effective. that could take a few years, based on the adoption rate of segwit.