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About Quantum Attacks On Bitcoin, and How To Protect Against Them
This document summarizes the risks quantum computers pose to Bitcoin and other cryptocurrencies. It finds that Bitcoin's proof-of-work algorithm is relatively resistant to speedup by near-term quantum computers due to specialized mining hardware. However, the elliptic curve signature scheme used could be broken by a quantum computer as early as 2027, allowing attackers to forge transactions. It also analyzes an alternative quantum-resistant proof-of-work called Momentum and reviews post-quantum signature schemes that could better secure blockchain applications against quantum attacks.
Detailed Information
| Author: | ['mimitech mimitech'] |
|---|---|
| Publication Year: | 2019 |
| Pages: | 21 |
| Language: | English |
| Format: | |
| Price: | FREE |
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