Opinion by: David Karwalho, Founder, CEO and Chief Scientist of Naoris Protocol
Satoshi Nakamoto replaced how we define money. In response to the fall of financial institutions in 2008, in which millions of people used to put their trusts, Satoshi created a decentralized monetary system built on elliptical curve cryptography.
This combination of cold mathematics and decentralization was a powerful, which not only attracted dead -to -dead scaptics, but also the world’s largest financial institutions, such as Blackrock.
In 16 years of its existence, bitcoin has never been hacked. All this is going to change very soon, however, with the arrival of quantum computing. This is the biggest single threat to bitcoins since its establishment from the ashes of the global financial crisis.
Once in the realm of science fiction, quantum computers have become so advanced that they can rip through the cryptography of bitcoin within five years or less. Some, such as Quantum Pandit Michel Moske, predict This may be possible soon as next year.
Government agencies such as the US National Institute of Standards and Technology and National Security Agency are targeting a complete infection for quantum-mature standards by 2030. Nevertheless, the bitcoin community appears limited to theoretical solutions, such as BIP-360 (Pay-to-Quantum-resistant-hash) or committe-dale-resolution schemes.
The time of theory is over. If concrete steps are no longer taken to customize bitcoin blockchain, then bitcoinBTC) The entire $ 2.2-trilian market cap can go up in smoke. All this will take a compromised wallet or botcade transaction to eradicate 16 years of labor -made trust.
Superior emergence
This year’s real success was the Majorna chip of Microsoft, which raised the timeline to create a truly useful quantum super computer from decades to years. In simple words, it did by paving the way for scalable and stable quantum systems – two major issues standing in the way of this technical miracle.
Move fast in a few months, and we currently find ourselves with about 100 quantum computers in the world. Macinse Estimate There will be 5,000 by 2030. These computers are not just faster than machines that we use – they are a completely new breed of computer that runs parallel in parallel rather than sequence.
recent: Is the future of bitcoin risk from Quantum Tech?
It is fatal to classical cryptography, such as the ECDSA algorithm that protects the private key of bitcoin. At least 30% bitcoin, or about 6.2 million coins, are currently sitting on the P2PK-Hash address, which are especially weak for this quantum danger.
A violation will be disastrous for holders, whose funds will go away forever, and massive ecosystems. It will prove that the unbreakable system can be broken. So recently Blackrock Accepted the risk of quantum for bitcoin Its updated place in ETF filing. So it is time to act, before it is too late.
Cu-day prepared for
,Q-day“The word given on the day is when the quantum computers are finally ready to break the traditional cryptography. When this day comes, the bitcoin transactions have become valid and safe today, or 10 years ago, can still be weak because the blockchain is completely transparent, and the data is permanently accessible on this book.
At the top of it, bad actors are already collecting encrypted data in preparation for Q-Day, in a trick called “Harvest Now, Dikcript later”. It would not be unfair to assume that many attacks can occur simultaneously worldwide when QD arrives. When this happens, bitcoin is prepared better.
A quantum future
The problem in upgrading an entire blockchain into quantum cryptography from heritage is that it will require a difficult fork, which has become almost a taboo subject in the crypto communities. This huge step can break the UX, piece liquidity, divide the network and potentially isolated OGS.
The options are: hybrid solutions that focus on securing the first and most important transactions without touching the base layer, layered safety models and quantum-scurreys, and the infrastructure that is definitely coming.
It is not a quick fix. Especially given how conservative and slow -running bitcoin has been historically. Unfortunately, there is no time to waste now. Decisions should be taken and solutions should be chosen as bitcoin will not survive as it is a quantum in the future.
Satoshi gave the world a new monetary system but never said that it cannot develop. It is now up to the community to choose it to develop it and prepare for Q-Day, not to wait until too late. It is not quantum that is the most important risk for bitcoin – it is decency.
Rai by: David Karwalho, Founder, CEO and Chief Scientist of Naoris Protocol.
This article is for general information purposes and is not intention and should not be taken as legal or investment advice. The ideas, ideas and opinions expressed here are alone of the author and not necessarily reflected or represented the ideas and ideas of the components.
