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Development & Technical Discussion
Re: Can Quantum Computer's destroy Blockchain and Bitcoins[SHA-256 specifically]
by
zatoshi_zakamoto
on
20/04/2022, 03:34:00 UTC
Some educative information from
QRL
THE QUANTUM RESISTANT LEDGER
It's going to affect Bitcoin
Bitcoin's developers have already planned for this
Bitcoin will just hard/softfork
If they can break SHA_256, we’ll upgrade to SHA_384
But if you don’t reuse addresses, you’re safe because BTC only exposes the hash of your public key if you have never transferred BTC from that address
Quantum computing is a long ways away, there's no need to bother
If ECDSA will be broken, banks and the whole internet is broken. Blockchain is the least we’ll need to worry about then.
More info here.