Quantum Computing a 'Near-Term Threat' to Bitcoin and Ethereum: IBM's VP of Blockchain : doifeellucky's twitter Feed : 2019/03/26 08:48:31
Quantum Computing a 'Near-Term Threat' to Bitcoin and Ethereum: IBM's VP of Blockchain
#share2steem #quantum #threat #crypto
External Link : https://dailyhodl.com/2019/03/17/quantum-computing-a-near-term-threat-to-bitcoin-and-ethereum-ibms-vp-of-blockchain/
Quantum Computing a 'Near-Term Threat' to Bitcoin and Ethereum: IBM's VP of Blockchain | The Daily Hodl
In a new interview with Fred Schebesta of Finder.com, IBM executives discuss the threat of quantum computing against cryptocurrencies and blockchain cryptography. Appearing at IBM Think 2019, Jesse Lund, vice president of blockchain and digital currencies at IBM says, “It’s reverse engineering the private keys which represent the control of your wallet. Your public key […]
doifeellucky
about mining if those used to mining bitcoin or another crypto , it's able to do 51% attack!
Some papers on the threat viability of quantum computing being used for this suggest so. The low ball fear that is voiced in some places that using an quantum computer to crack keys seems even scarier. This would tear everything down... However I don't think that this would be in reach very fast. When you look at the know use cases and possibilities so far it seems far fetched.
True
Also... in this article https://medium.com/@qrcollector/quantum-resistant-blockchain-and-cryptocurrency-the-full-analysis-in-seven-parts-part-1-daa211565a68
Conclusion: security in transaction handling and registration, relies on math.
Summarized, the security and reliability of blockchain is double-barreled. First it takes away the interference of a third party that places and/ or can alter the data on the ledger. Secondly it relies on verifiable, but unforgeable math. This is what makes blockchain more trustworthy than conventional ledger systems.
Hi doifeellucky !
After approximatively 48 hours, your post has 0.182 of pending rewards.
To compensate the fact that @share2steem is taking a fee on your posts, please allow us to upvote you via @tipu.
Our fee : 0.018
Value of votes you got from S2S trails : 0.000
Value to compensate : 0.018
!tipuvote 0.018
For the latest news about the Share2Steem application, visit our @share2steem profile.
See you soon on https://share2steem.io
This message is generated automatically.
This post is supported by $0.02 @tipU upvote funded by @share2steem :)
@tipU voting service instant upvotes | For investors.