Bitcoin: Safety from quantum attacks [duplicate]

Title: Quantum attack safety: Mattle cryptography attenuation in a post-sassy world

Introduction

Increased quantum calculation has sent shock wave through the world of cryptography, with potential implications for safe communication and data storage. In this article, we will explore more and more concern that quantum computers can break certain types of encryption, including those used to protect Bitcoin transactions.

quantum threat

Quantum computers have the potential to exponentially increase their power over classic computers in a few years. According to experts, it will only take 40 years for a quantum computer to determine a large number, which is currently necessary to break many types of encryption. It has significant implications for safe communication and data storage.

One of the most vulnerable fields of cryptography is RSA, which is widely used to provide online transactions, including bitcoin. However, it is based on the difficulty of making a large number, a task that can be performed by a quantum computer with a minimum calculation effort.

Problem: quantum cryptography **

Quantum computers can break certain types of encryption, including:

  • RSA : As mentioned above, RSA is based on the difficulty of making a large number, which is vulnerable to quantum attacks.

  • Diffie-Hellman Chhey Exchange

    : This cryptographic protocol uses public key cryptography and has proven to be vulnerable to quantum attacks.

  • AES : Advanced encryption (AES) encryption, widely used for secure data storage can also be broken by a sufficiently strong quantum computer.

The role of bitcoin in quantum threat

Bitcoin is one of the most traded cryptocurrency, with over 18 million users registered worldwide. As such, it has significant implications for the safety of Bitcoin transactions.

In 2021, the researchers showed that a group of three high performance quantum computers could simultaneously break RSA encryption and decrypting Bitcoin transactions in just 2 hours. This was obtained by exploiting weaknesses in the basic code of the Bitcoin protocol.

Risk attenuation

Although it is difficult to completely eliminate the risk of quantum attacks on cryptocurrency security, more steps can be taken to mitigate impact:

  • Gradual adoption : implementation of gradual adoption of quantum resistant cryptography and ensuring that all transactions are encrypted with safe protocols will help reduce damage.

  • Post-quantum cryptography (PQC) : Development and implementation of PQC standards, such as latch-based cryptography, will allow users to adopt safer alternatives to RSA encryption.

  • Safe coding practices : Developers can improve code security using safe coding practices, such as the use of safe algorithms and minimizing uncertain cryptographic primitives.

  • Quantum-soss networks

    : Establishing quantum-signs will require significant infrastructure investments, including quantum resistant key exchange protocols.

Conclusion

The potential risks of quantum attacks on cryptocurrency security are real, but the mitigation of these threats requires a more facets. Understanding the vulnerabilities of current cryptography and implementing gradual adoption and post-quantum solutions, we can reduce the risk of catastrophic attack on Bitcoin transactions. As the world of cryptography continues to evolve in response to emerging technologies such as quantum calculation, it is essential to give priority to security and innovation to protect ourselves the most valuable – our data.

References

  • The quantum insider: “Chinese scientists report the use of the quantum computer to hack cryptographic systems”

  • Phys.

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