ugu on Nostr: Hashing remains safe even if we have quantum computers and since bitcoin addresses ...
Hashing remains safe even if we have quantum computers and since bitcoin addresses are hashed money is still safe. This will buy some time to upgrade bitcoin, currently some methods using just hashing alone could be implemented though they suck compared to elegant Schnorr signatures. So quantum would be a crippling blow to bitcoin, but it would survive in some form. Ethereum on the other hand has naked private keys and is toast.
Published at
2023-08-02 20:30:01Event JSON
{
"id": "ac951db070a54eb56563b24b295c80eb6340c4501c03e20edbd69ee92fcb2a83",
"pubkey": "61077b73ed551a6b0fe819970ba9f99793606adde978142a2a6ae2af80b899ce",
"created_at": 1691008201,
"kind": 1,
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"content": "Hashing remains safe even if we have quantum computers and since bitcoin addresses are hashed money is still safe. This will buy some time to upgrade bitcoin, currently some methods using just hashing alone could be implemented though they suck compared to elegant Schnorr signatures. So quantum would be a crippling blow to bitcoin, but it would survive in some form. Ethereum on the other hand has naked private keys and is toast. ",
"sig": "2e04573c8bdf2ae46150ad9dfd6527273044b1a74d793ea146493deb704d295bb5c8ef45581eded8e6e46f0b0cc29e17ef4676851c27e1b72236160f5081c9e4"
}