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    Author Topic: Deloitte Article on Threat of Quantum Computers  (Read 233 times)
    pushups44 (OP)
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    December 21, 2021, 08:17:50 AM
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    Here is an interesting article from Deloitte: https://www2.deloitte.com/nl/nl/pages/innovatie/artikelen/quantum-computers-and-the-bitcoin-blockchain.html

    Does anyone have any idea how consensus will be established to make bitcoin quantum resistant? Or when this will likely be implemented?

    Excerpts:

    What can one do to mitigate the risk of Bitcoins being stolen by an adversary with a quantum computer?

    In the previous section we explained that p2pk and reused p2pkh addresses are vulnerable to quantum attacks. However, p2pkh addresses that have never been used to spend Bitcoins are safe, as their public keys are not yet public. This means that if you transfer your Bitcoins to a new p2pkh address, then they should not be vulnerable to a quantum attack.

    The issue with this approach is that many owners of vulnerable Bitcoins have lost their private keys. These coins cannot be transferred and are waiting to be taken by the first person who manages to build a sufficiently large quantum computer. A way to address this issue is to come to a consensus within the Bitcoin community and provide an ultimatum for people to move their coins to a safe address. After a predefined period, coins in unsafe addresses would become unusable (technically, this means that miner will ignore transactions coming from these addresses). Such a drastic step needs to be considered carefully before implemented, not to mention the complexity of achieving consensus about such a sensitive issue.


    Here's a similar article: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6030263/

    In the light of the emerging threat of QCAs in Bitcoin, we have outlined how Bitcoin could become subject to theft of funds rooted in the exposure of public keys. Thus, we have proposed a commit–delay–reveal scheme to allow for the secure transition to a quantum-resistant address scheme in Bitcoin, the underlying protocol modifications for which can be implemented as a soft fork. For the security of the transition scheme we emphasize the need for a sufficiently long delay period and propose an initial period of six months in order to prevent possible blockchain reorganization. The proposed time frame should suffice for allowing honest clients and miners to reach consensus on manually rejecting long-range forks that exceed the delay period. However, we suggest that by intuitive continuity arguments there must exist some length of chain-rewind time where the community would be indecisive on how to proceed given that a conflicting branch created by an adversary exists. Hence, we note that the optimal duration of the delay period may be subject to future discussion and analysis.
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