According to the summary, "a particular area of risk is cryptocurrencies" "We are studying the risk of bitcoin and other crypto counter for attacks by quantum computers. We find that proof of work of bitcoin is sufficient by quantum computer in the next 10 years. It is relatively resistant to acceleration "Newspapers, they say," is primarily because the specific ASIC miners short The process is much faster than projected clock speed of quantum computers. "
The good news is that "the pattern of elliptic curve used by Bitcoin is more dangerous and can be broken by the most optimistic projections by a quantum computer altogether by 2027," Diwesh Agarwal, Gavin's Brennan, Troy Lee , Miklos Saintha and Marco Tomikal (stressed).
Surely we'd have 'quantum cryptography' by then too? All it takes is a fork that's actually useful to everyone. And if that does't come to pass I'll just enjoy the next 10 years :D
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Good point. If there are any trends working AGAINST bitcoin and blockchain, there must also be forces working IN FAVOR OF them.
Anyway, enjoy the next decade. Or maybe 2 ... 3 ... 4 decades.
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Haha, I'd be happy with 4 to be honest!
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