Spyke
aussie.zone

Crypto currency is so intertwined with the global economy and major banks that proof of a hacked bitcoin address would destroy the world's markets overnight

15

Don’t worry it’s not as close as the popsci blogs would like you to believe.

5
sh.itjust.works

Doesn’t quantum proof encryption exist already? I thought I learned that in college more than a decade ago… The only reason its not viable yet is because hardware was not powerful enough to run it without being slow.

I could be misremembering though its been a long time

8
BrikoXreply
lemmy.zip

It does and many security or privacy oriented services have already implemented post quantum encryption, but majority of the internet still relies on AES-256 or similar if not worse.

8

AES-256 is fine actually. The best known quantum attack reduces key strength from 256 bits to 254.4 bits. The problem is that in order to use AES (which is a symmetric encryption scheme) you need to exchange keys using an asymmetric system like RSA, which is known to be weak to quantum attacks.

8
lemmy.ml

Why the focus on breaking encryption. Can these computers not be used for better things

6
hochreply
lemmy.world

In a perfect world, yes. But instead, we have countries like Russia (and probably now the US) which would love to use this technology for nefarious purposes.

3

Not just the us now, the us at any point in history since encryption would've used quantum to break it

6
Miaoureply

"Now the us"? Were you born in 2015 lol

1

I learned that QC can be used for general search problems, so it could get used for more efficient web browsing, etc. But those are relatively more difficult tasks, I guess.

1

You reached the end

Quantum computers need vastly fewer resources than thought to break vital encryption | Spyke