So, I was thinking... what if ECDSA gets wrecked by quantum tech or some hidden flaw? Like, Bitcoin's security relies on it, right? Seems far-fetched now, but with all the buzz around quantum computing, maybe we should consider alternatives. Just a thought.
Could BitVM Enable Post-Quantum Cryptography?
3 replies 361 views
Honestly, a soft-fork might be the better route. Why go through all the trouble of changing opcodes for new cryptosystems? Plus, not everything needs to be on-chain. There are ways to use scripts like "OP_SHA256 OP_CHECKSIG" safely, even if ECDSA gets compromised.
This conversation feels timely, especially after those Chinese researchers made headlines about using D-WAVE quantum computers to tackle RSA. BitVM could let us simulate any cryptosystem, giving devs time to figure out the best replacement. We could roll out a soft fork in a decade or so, once everything's been tested.
Yeah, but going all-in on-chain is pricey. Better to have some proof off-chain and only commit to the essential stuff. Imagine trying to shove an entire NxN sudoku in a script total chaos! Whatever solution we pick, it should hit a test network first. Deployment's key, folks!
Related topics
- Issues with ripemd160 on Ubuntu 22 9
- New Bitcoin Improvement Proposal with $100 Reward 9
- Clipboard Vulnerabilities in Cryptocurrency Transactions 8
- Understanding the Differences Between Traditional and Simplified Chinese Mnemonics 6
- Running Bitcoin Core on a Laptop with Limited Storage 20
- Exploring Blockstream's Satellite Tech and Its Potential 22