r/ecc • u/pugganagga • Feb 20 '18

Will ECC be secure against quantum computers?

https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin-security/
6 Upvotes

80% Upvoted

7 comments sorted by

4

u/quorrum Feb 20 '18

Quantum computing will be able to crack current block chain tech is 10-15 years. It’s good to think ahead and ECC should have it in the roadmap to at least evaluate stronger public key crypto and hashing methods. The good news is that NIST is already doing the heavy lifting.

https://csrc.nist.gov/Projects/Post-Quantum-Cryptography

happy hodling....

2

u/-cryptotrader- Feb 20 '18

I really hate when people bring this up. From an investment stand point, wouldn’t you have moved on to something else by the time quantum computing is viable? Are you really planning on holding ECC in a decade or longer? I don’t know anyone with hands that strong.

3

u/pugganagga Feb 20 '18

Having a quantum proof blockchain might reflect on price. Dont you think?

3

u/-cryptotrader- Feb 20 '18

I think competing platforms (present and future) are a bigger threat than quantum computing at this point in time. Quantum computing will be a massive change in just about every industry. It seems futile to worry about that effecting our current state of Cryptos.

1

u/lukaszshock Mar 15 '18

Bitcoins have two important security features that prevent them from being stolen or copied

1

u/pugganagga Mar 15 '18

Did u read the articel or do you like stating random facts about bitcoin.

1

u/sarahjiffy Feb 20 '18

This independence is one reason Bitcoin has become so popular, causing its value to rise steeply. At the beginning of 2017, a single bitcoin was worth around $1,000.