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Scraped on 16/06/2025, 09:03:54 UTC
Many industries would be affected. That is true. But I think the centralized banking industry would have an easier time adopting a quantum-resistant algorithm than the decentralized Bitcoin.
When altcoins developers can haveare building quantum resistant algorithm, so why would it take bitcoin developers to build one? You mean as it can lead to hard fork?

God forbid that we will have five equally good solutions and we as a community would have to pick one. It's more likely that we would get two new forks and new splits in the community than a majority vote for one solution.
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You can be right about this but we can only speculate. It is also very possible that there will not be hard fork relating to this but what I think might cause hardfork later might be what caused it in the past like after a quantum resistant algorithm, some people may need hardfork for cheaper transaction. If the quantum resistant algorithm is still more about how segwit is right now in fee or having lower fee, there may not be any problem. Also this is just a speculation.
Original archived Re: Unstoppable wallet {User experiences}
Scraped on 16/06/2025, 08:59:08 UTC
Many industries would be affected. That is true. But I think the centralized banking industry would have an easier time adopting a quantum-resistant algorithm than the decentralized Bitcoin.
When altcoins developers can have quantum resistant algorithm, so why would it take bitcoin developers to build one? You mean as it can lead to hard fork?

God forbid that we will have five equally good solutions and we as a community would have to pick one. It's more likely that we would get two new forks and new splits in the community than a majority vote for one solution.
[/quote]
You can be right about this but we can only speculate. It is also very possible that there will not be hard fork relating to this but what I think might cause hardfork later might be what caused it in the past like after a quantum resistant algorithm, some people may need hardfork for cheaper transaction. If the quantum resistant algorithm is still more about how segwit is right now in fee or having lower fee, there may not be any problem. Also this is just a speculation.