Skip to content
  • home
  • News
  • How to
  • Coin information
  • Bot Lab
  • General Discussion
  • Tuoreimmat
  • Suositut
  • Tunnisteet
Teemat
  • Light
  • Brite
  • Cerulean
  • Cosmo
  • Flatly
  • Journal
  • Litera
  • Lumen
  • Lux
  • Materia
  • Minty
  • Morph
  • Pulse
  • Sandstone
  • Simplex
  • Sketchy
  • Spacelab
  • United
  • Yeti
  • Zephyr
  • Dark
  • Cyborg
  • Darkly
  • Quartz
  • Slate
  • Solar
  • Superhero
  • Vapor

  • Oletus (Ei teemaa)
  • Ei teemaa
Tiivistä

Coinsori

  1. Aloitussivu
  2. News
  3. Elon Musk: Why Quantum Computing Could Actually Help Bitcoin Owners

Elon Musk: Miksi kvanttilaskenta saattaisi todella auttaa Bitcoin-omistajia

Scheduled Kiinnitetty Lukittu Siirretty News
1 Viestejä 1 Osallistujia 1 Tarkasteltu 1 Watching
  • Vanhimmasta uusimpaan
  • Uusimmasta vanhimpaan
  • Äänestetyin ensin
Vastaa
  • Vastaa aiheeseen
Kirjaudu sisään voidaksesi vastata
Tämä aihe on poistettu. Vain käyttäjät, joilla on aiheen hallintaoikeudet, voivat nähdä sen.
  • 라 Offline
    라 Offline
    라온
    wrote Viimeksi muokannut
    #1

    Tech mogul Elon Musk is convinced that quantum computers could enable the recovery of lost crypto wallet passwords – a plus side of the computing technology amid all the recent buzz of the great risks it poses to blockchain and cryptocurrencies.

    Blockchain analytics estimates that at least 3-4 million Bitcoin
    BTCUSD
    , or 15%-20% of the total circulation, have been irretrievably lost. Additionally, the number of BTC lost due to forgotten or misplaced seed phrases surpassed that lost from exchange hacks.
    coinpedia_7a49d39b2094b-4ed50642277bf7d67c01999d9464c5a4-resized.webp
    Source: DemandSage

    A quantum computer capable of solving for private keys given known public keys could therefore prove beneficial to this population. That said, wallet inactivity does not necessarily mean the owner forgot/lost their password.
    Quantum developments and the crypto ecosystem

    Musk’s statement came as a humorous response to Google’s recent research, which concluded that Bitcoin could be cracked with far less quantum resources and less time than previously anticipated.

    Several blockchains have taken the quantum threat seriously and are actively upgrading their cryptography to render it quantum-proof.

    Ethereum has developed a quantum-resistance roadmap, while Cardano has partnered with experts from Google, Microsoft, and Linux for the same purpose. Bitcoin lags behind this front in terms of timelines, contingency plans, and dedicated teams.

    Still, crypto proponents Michael Syalor and Changpeng Zhao are confident that crypto will survive quantum risks.

    Risks vs benefits

    The timeline for achieving quantum capabilities at any level is widely estimated to be between 2029 and 2035. And while certain risks rattle the crypto community, it might be helpful to consider some of the benefits such an advancement could pose in a post-quantum era. These include:

    Enhanced security through true randomness in cryptographic key generation and non-copyable digital currency (quantum money).
    Scalability through parallel transaction processing and faster block finality.
    Real-time and complex logic smart contracts.
    Energy consumption reduction for Proof-of-Work networks.
    Lower transaction costs following improved network speed and efficiency.
    source: https://www.tradingview.com/news/coinpedia:7a49d39b2094b:0-elon-musk-why-quantum-computing-could-actually-help-bitcoin-owners/

    1 vastaus Viimeisin vastaus
    0

    Hello! It looks like you're interested in this conversation, but you don't have an account yet.

    Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.

    With your input, this post could be even better 💗

    Rekisteröidy Kirjaudu
    Vastaa
    • Vastaa aiheeseen
    Kirjaudu sisään voidaksesi vastata
    • Vanhimmasta uusimpaan
    • Uusimmasta vanhimpaan
    • Äänestetyin ensin


    • Kirjaudu

    • Ei käyttäjätunnusta? Rekisteröidy

    • Etsi kirjautumalla sisään tai luomalla tili.
    Powered by NodeBB Contributors
    • First post
      Last post
    0
    • home
    • News
    • How to
    • Coin information
    • Bot Lab
    • General Discussion
    • Tuoreimmat
    • Suositut
    • Tunnisteet