New Bitcoin Post-Quantum Work Undercuts ‘No One Is Building’ Claims
Bitcoin core developer Matt Corallo used a fresh Blockstream announcement this week to push back on a familiar line in the quantum debate: that nobody serious is working on post-quantum cryptography for Bitcoin. The immediate trigger was Blockstream’s preview of OP_SHRINCSVERIFY, but the broader point was that the work did not appear out of nowhere; […]
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Bitcoin open-source engineer Matt Corallo pushed back on claims that Bitcoin developers are “sleepwalking” on quantum risk, arguing instead that a practical post-quantum roadmap is already taking shape and may be simpler than critics suggest. Speaking on the Unchained podcast episode published Feb. 22, Corallo said the key work can be framed in two main […]
Federal agencies of the US government are expanding their calls for quantum computing resistant encryption methods. In effect, the National Institute of Standards (NIST) recently announced a request for public-key post-quantum algorithms. This action follows warnings from the National Security Agency (NSA) about the risks of potential quantum-based....
In a livestream broadcast titled “Post-Quantum Cardano,” ADA founder Charles Hoskinson laid out a roadmap for making the blockchain quantum-resistant. His remarks come amid rapid developments in quantum computing hardware, including breakthroughs from Microsoft and other tech heavyweights, as well as newly released US government standards for post-quantum cryptography. Hoskinson opened the session by highlighting […]
According to the U.S. Cybersecurity and Infrastructure Security Agency (CISA), while quantum computers are incapable of breaking public key encryption algorithms, public and private entities need to prepare for future threats against cryptography that is not quantum resistant. Most of today’s digital communications, including cryptocurrencies, leverage public key encryption and CISA believes when “quantum computers reach higher levels of computing power and speed, they will be capable of breaking the public key cryptography algorithms that are in use today.”
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The development of quantum computers may spell the doom of Bitcoin. Bitcoin is dead! It has been predicted 112 times already. There is even a website that keeps track of all these obituaries. The latest prophecy predicts the death of Bitcoin once quantum computers make an entry. This plausible prediction comes at the time when Bitcoin is going strong, rebounding from a recent dip in its price following the BitFinex hacking incident. The threat of quantum computers on Bitcoin was predicted by Andersen Cheng, the co-founder of a UK-based cyber security firm, Post Quantum. He was quoted by a....