First Bitcoin Transaction with Quantum Resistance

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lonevaultFull Member
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#1Sep 16, 2017, 11:28 PM
Just sent the first quantum-resistant Bitcoin tx to mainnet using a new dual-signature method. Pretty excited about it!
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alex.byteLegendary
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#2Sep 17, 2017, 02:44 AM
Nice! Can you explain how it works? I’m not fully getting the dual-lock P2SH part.
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lonevaultFull Member
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#3Sep 17, 2017, 08:59 AM
Sure! It's ECDSA combined with a SHA256 hash preimage. Even if quantum computers break ECDSA, the hash preimage is still secure.
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gang2015Member
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#4Sep 17, 2017, 09:13 AM
Wait, what if a miner knows the solution while the transaction waits in mempool? That’s a vulnerability, right?
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alex.byteLegendary
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#5Sep 17, 2017, 11:38 AM
Yeah but let's not forget the scenario where two quantum users compete to exploit this. It’d be wild with all those double-spends.
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mr_apeNewbie
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#6Sep 17, 2017, 03:09 PM
True but isn't that more of a theoretical scenario? If quantum computers can break ECDSA in seconds, the whole Bitcoin ecosystem might crash.
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#7Sep 19, 2017, 03:13 PM
Exactly! If it takes 30s to break ECDSA, who will even care about that BTC? It’ll be worthless.
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#8Sep 19, 2017, 09:17 PM
I’m curious too about the mask512 scheme. How does it stack up against other post-quantum solutions for security and size?
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greg1337Member
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#9Sep 19, 2017, 11:58 PM
Does pre-image really make it secure? We can’t ignore Grover's Algorithm when real quantum power kicks in.
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0xNodeMember
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#10Sep 20, 2017, 03:55 AM
So we’re calling this a quantum-resistant transaction, but I see no actual quantum-resistant wallet yet. Just a single transaction, really.
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#11Sep 20, 2017, 09:44 AM
Right? They’re mixing up terms here. Resistance can mean different things. We need a proper wallet that secures the bitcoins long-term.
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