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Introduction

The increase in quantum data has sent shock waves through the encryption world that has potential effects on safe communication and data storage. In this article, we are exploring the growing concern that quantum computers can potentially break certain types of encryption, including those used to protect Bitcoin events.

quantum threat

Quantum computers have the potential to increase exponential power in classic computers in a few years. According to experts, the quantum computer only takes 40 years to take into account large numbers, which is currently required to cut many types of encryption. This has significant effects on safe communication and data transfer.

One of the most vulnerable encryption areas is RSA, which is widely used to secure online events, including Bitcoin. However, it is based on the difficulty of taking large numbers, a task that can be performed on a quantum computer with a minimal computational effort.

Problem: Quantum Cryptography

Quantum computers may potentially break certain types of encryption, including:

• RSA : As mentioned earlier, RSA relies on the difficulty of implementing large numbers, which is prone to quantum attacks.

• Diffie-Hellman Key Exchange : This encryption protocol uses a public key encryption and has been shown to be susceptible to quantum attacks.

• AES : An advanced encryption (AES) encryption, widely used in safe data storage, can also be broken by a sufficiently effective quantum computer.

Bitcoin’s role in quantum threat

Bitcoin is one of the most common trading cryptocurrency, and over 18 million registered users are around the world. As such, it has a significant impact on the safety of Bitcoin events.

In 2021, researchers showed that a group of three high performance quantum computer could simultaneously break the RSA encryption and dismantle Bitcoin events within 2 hours. This was achieved by utilizing weaknesses in the code behind the Bitcoin protocol.

Mitigation of Risks

Although the risk of quantum attacks on cryptocurrency safety is difficult to eliminate, several stages can be performed to alleviate the effect:

• Gradually deployment : To implement the gradual implementation of the quantum resistant encryption and ensure that all transactions are encrypted with a safe protocol helps to reduce damage.

• Post-quantum encryption pole (PQC) : The development and deployment of PQC standards such as lattice-based encryption allows users to adopt safer alternatives to RSA encryption.

• Safe coding practices

  

  : Developers can improve code protection by using secure coding practices, such as using safe algorithms and minimizing the use of uncertain encryption factors.

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conclusion

The potential risks of the quantum attacks on Cryptocurrency safety are real, but mitigating these threats requires a versatile approach. By understanding the vulnerability of current encryption and the implementation of gradual deployment and post-solutions, we can reduce the risk of a catastrophic attack on Bitcoin events. As the encryption world continues to develop in response to rising technologies, such as quantum calculation, it is essential that we prioritize safety and innovation to protect our most valuable property – our knowledge.

References

• Quantum Insider: “Chinese researchers report using a quantum computer to hacking encryption factors”

• Phys.

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