Quantum computing poses a real threat to encryption and slow governance that risk leaving Blockchains at risk, according to Coulton Delion, co -founder of the Quip network, which provides an quantity resistant to storing digital assets.
While technology, which uses quantum cases of atomic molecules to make accounts instead of transistors and dual code, is still in its infancy, companies including Google and Microsoft pressed forward in research and development. The goal is an enormous step in the speed that makes difficult calculations such as breaking encryption, such as those used to protect Blockchains, faster and simpler.
And when quantum computing is available, any striker is unlikely to announce his presence immediately.
“The threat will not start stealing the Satoshi keys,” Delion said in an interview. “The real quantum attack will look accurate, calm and gradual, like whales that move money accidentally. By the time everyone realizes what is happening, the time will be too late.”
The screenplay of the day of the day is involved in Dillion Double spending. In theory, quantum computing can reduce the mining power required for a 51 % traditional attack to about 26 %, Delion said.
“So, you have now been at risk of 10,000 governors. The series hastened, liquidating the 10,000 wallets, then spending all transactions, and now you have already a nuclear bomb,” is how to imagine it.
Industry, of course, works to find a solution.
Bitcoin Agustin Cruz, for example, QRAMP proposedBitcoin (BIP) proposal, which requires the deportation of difficult companies to safe quantum addresses. I suggest starting quantum btQ replacing Proof of consensus The system that fully supports Blockchain with the original quantum consensus.
The problem is that the proposals must obtain the approval of the community. BLOCKCHAIN governance, such as bitcoin improvement proposals (BIPS) and Ethereum bonuses, tends to improve ETHEREUM (EIPS), to be from politics, making it a long process, cautiously cautious.
For example, the last decision of the Bitcoin community in the OP_RUTURN position was years in making, With months of developers’ discussions About the “correct” use of Blockchain. ETHEREUM promotions, such as merging, She also faced long discussions and delay.
Dillion argues that the governance process leaves the exposed encryption that quantum computing threats will develop much faster than protocols can respond.
He said: “Everyone is trying to do this from top to bottom by starting to bend or EIP and gathering everyone together. But we think this is the heavy elevator very difficult.”
The quantity resistant Quip Network aims to circumvent political stalemate by allowing immediate dependence on the user level without asking for protocol promotions. It takes advantage of Vaults from mixed encryption, mixing classic encryption standards with quantitative resistant techniques to provide gas security in Blockchain.
An effectively, they allow whales, holders of large quantities of encrypted currency, to secure their hideout while waiting for the Blockchain governance to assemble them. He argues encryption societies that cannot bear the discussions on time.
“BIP and EIP operations are great to rule, but they are terrible for the quick response to the threat,” said Delion. “When the quantity strikes, the attackers will not wait for the consensus of society.”
Colon Delon talks at the Iee Canada Blockchain Forum, part of the 2025 consensus in Toronto. IEEE is a knowledge partner in consensus.
Read more: The 1 btc quantum computing group offers a bitcoin encryption key
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