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🔶MAJOR TECHNICAL UPGRADE: CORE IS SET TO BECOME QUANTUM-RESISTANT Core DAO 🔶 is building quantum resistance into its full stack using NIST-standardized post-quantum algorithms, the same standards the U.S. government adopted across national security systems after 8 years of global review. During the transition, Core transactions will carry both...

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BITCOIN RAILS #34: Bitcoin’s Security & Quantum Risks—and the Future of Satoshi’s Coins | with Jameson Lopp Jameson Lopp “Most people don’t think about security until it’s too late,” says the Casa co-founder and CSO. One of the most prolific thought-leaders in Bitcoin security and privacy, there are few people who understand the nuances of Bitcoin security quite as deeply - not to mention the OPSEC practices required to protect against wrench attacks, for instance, which are rising globally as Bitcoin price increases. More recently, Lopp has turned his attention to mitigating Bitcoin’s quantum vulnerabilities, including market risks associated with quantum-vulnerable Satoshi’s Coins + longer-term strategies for quantum-hardening of Bitcoin addresses long term. In this special episode of Bitcoin Rails, we cover: - Lopp’s experiences designing self-custody products at both BitGo and Casa - The swatting attack he suffered in 2017, and the radical steps he’s taken to secure his home location since - The ‘quantum computing’ challenge for Bitcoin and its impacts on Satoshi’s Coins - How the network may respond to QCs in the face of ossification and why QC preparation may be the hardest governance test the network has ever faced This episode is powered by: - Best In Slot (Best in Slot | BRC2.0 🧑‍🍳), the leading API for Ordinals and BRC20 data aggregation and indexing - Spark (Lightspark), a statechains implementation leading the path towards institutional adoption of Bitcoin-powered payments - Citrea (Citrea), the leading Bitcoin Rollup technology and contributor to the BitVM alliance 📌 Timestamps 00:00 – Intro: Quantum Computing Meets Bitcoin 00:19 – Jameson Lopp on the Bitcoin Rails 00:53 – The Quantum Threat to Bitcoin Security 06:32 – Lopp’s Path into Bitcoin & Security 12:58 – The Swatting Attack During the Block Size Wars 25:28 – Could Quantum Crack Satoshi’s Coins? 43:55 – Announcements & Sponsors Messages 45:30 – Building Bitcoin’s Quantum Resistance 47:00 – QBTC and the Push for Quantum-Resistant Bitcoin 48:43 – Why Changing Bitcoin Is So Hard 51:19 – Email Protocols, Ossification, and Bitcoin’s Future 01:01:53 – A Roadmap for Quantum Resistance

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Isabel Foxen Duke⚡️

31,130 Aufrufe • vor 1 Jahr

BITCOIN RAILS #59: Post-Quantum Bitcoin Signatures (+ their tradeoffs) | with BIP 360 co-author Ethan ✨ is on BlueSky✨ Heilman 🐱 and Blockstream Head of Research Jonas Nick 🔗 YOUTUBE: 🌿 SPOTIFY: According to BIP 360 co-author Ethan Heilman, Bitcoin needs a minimum of two soft forks to become quantum resistant: P2MR (or an output type that can safely execute PQ signatures) + a post-quantum checksig (signature scheme). Ethan and the BIP 360 team (including myself and Hunter Beast 🕯️) introduced the P2MR part via a BIP 360 update late last year—but the question remains, what’s the most appropriate PQ signature scheme for Bitcoin? They all have substantive tradeoffs, but hash-based signatures seem to be leading technical discourse—likely due to recent optimizations by Jonas Nick and the broader Blockstream research team. It was an honor to sit down with both of these men - arguably the two most influential and productive cryptographers in Bitcoin quantum mitigation right now - for an in-depth review of the leading PQ signature schemes and a temperature check on Bitcoin’s post-quantum planning process. TBH, if you want to skip the noise and jump straight to the signal on quantum, this is the interview to watch. In this episode, we discuss: - What needs to happen at the soft fork, infra, and mitigation levels to fully quantum-harden Bitcoin - Recent updates to BIP 360 + breakdown of the leading hash-based signatures schemes for Bitcoin (SHRINCS + SHRIMPS) - Why we may actually get consensus around a stateful scheme for Bitcoin - Comparisons of hash-based signatures vs Lattice and Isogeny-based schemes - Assessing the risks of both waiting too long and acting too fast (and why quantum is a better threat to be facing than a potential classical attack) This episode of Bitcoin Rails is brought to you by my NEW sponsors: - LayerTwo Labs LayerTwo Labs — developing research, software, and technologies for scaling Bitcoin via the integration of Drivechains (BIP 300/301) - Hashi on Sui — a primitive for executing Bitcoin Defi transactions, without having to trust a federated bridge or other centralized entity - BitBox BitBox — an open-source Bitcoin-only hardware wallet, with smooth UX and no compromises on security. Check out Bitbox [dot] swiss and use code BITCOINRAILS to get a discount TIMESTAMPS: 00:00 Intro 02:18 Ethan’s Quantum Wakeup 05:18 How Blockstream Enters Post Quantum 09:25 BIP 360 Explained 12:11 How Bitcoin Transitions to PQ 17:35 Choosing Post Quantum Signatures 23:20 How Blockstream Created SHRINCS 27:22 Signature Budgets Importance Explained 41:13 What are SHRIMPS? 44:51 SHRIMPS vs SHRINCS 47:48 Why SLH-DSA Alone Won’t Cut It 49:24 Is a SHRIMPS + SHRINCS BIP Coming? 51:51 Blockstream’s Big Plans for Liquid 59:04 Quantum Readiness Roadmap 01:02:22 Importance of a PQ Recovery Plan 01:05:35 How Long Would a PQ Migration Take 01:11:17 Quantum Watchlist Recommendations

Isabel Foxen Duke⚡️

23,783 Aufrufe • vor 2 Monaten

People are losing their minds over the idea of quantum computing breaking Bitcoin, but the panic is largely detached from reality. If you listen to Eric Yakes, the fear-mongering is completely off base. The theoretical threat relies on quantum computers factoring large prime numbers fast enough to crack current cryptography. To date, the largest number a quantum computer has successfully factored is 15. "Neven's Law" says quantum power grows at a doubly exponential rate. It's a projection people are using to raise money for their projects, rather than a measurement we are seeing in real life. Compare that to Moore's Law, which we actually watched happen in real time. While physical qubits are increasing and error rates are slowly declining, there is a massive technical hurdle: error rates scale exponentially with qubit count. Adding more power creates more "noise," making the machine harder to stabilize. "But institutional capital is worried!" That's fine. Institutional capital has been wrong about Bitcoin for a decade. If they're selling on quantum FUD, that's cheap sats for the rest of us. Bitcoin devs have been on this for years and are taking steps to mitigate the risk. BIP-360 was just merged into the Bitcoin GitHub repository and Chaincode Labs has published plenty of serious research. If a real threat emerges, every stakeholder is incentivized to adopt quantum-resistant signatures and consensus won't be the obstacle people think it is. Start paying attention to what's actually being built and take your finger off the panic button. Full breakdown 👇

Bitcoin News

15,241 Aufrufe • vor 5 Monaten

6,100-Qubit Processor Shatters Quantum Computing Record | David Nield, ScienceAlert Another major quantum computing record has been broken, and by a considerable margin: physicists have now built an array containing 6,100 qubits, the largest of its type and way above the thousand or so qubits previous systems contained. It's the work of scientists from the California Institute of Technology, who used cesium atoms as their qubits, trapping them in place with a complex system of lasers that acted as tweezers to keep the atoms as stable as possible. Qubits differ from the classical bits of traditional computers by exploiting what's known as a superposition: not just binary states of 1 or 0, but a spread of probabilities that allows for algorithms that can solve problems considered out of reach of conventional computing methods. Related: Quantum Advantage: A Physicist Explains The Future of Computers A lot of qubits will be needed to make quantum algorithms practical, however. One reason for these large arrays is error correction, which helps overcome the inherent fragility of the qubit by providing a surplus to double-check the machine's operation. "This is an exciting moment for neutral-atom quantum computing," says physicist Manuel Endres. "We can now see a pathway to large error-corrected quantum computers. The building blocks are in place." There was no single breakthrough that enabled this jump in qubit numbers, but rather a series of engineering advancements in many key areas – from the laser tweezers to the ultra-high (very low pressure) vacuum chamber. Stability has also been a problem for quantum computing systems. The innovations in this latest array kept qubits in a superposition state for almost 13 seconds – almost ten times longer than previous configurations had managed. What's more, individual qubits could be manipulated with 99.98 percent accuracy, establishing a significant benchmark in the programmability of quantum technology. "Large scale, with more atoms, is often thought to come at the expense of accuracy, but our results show that we can do both," says physicist Gyohei Nomura. "Qubits aren't useful without quality. Now we have quantity and quality." To make quantum computers a practical alternative to modern supercomputers, more qubits and even greater levels of stability will be required. Experts are tackling the problem from several different angles, which is why records for some types of quantum computer don't necessarily apply to others. Next, the researchers need to work on exploiting entanglement, which will enable the system to make the leap from storing information to actually processing it. Not too far in the future, we could be using these computers to discover new materials, matter, and fundamental laws of physics. "It's exciting that we are creating machines to help us learn about the Universe in ways that only quantum mechanics can teach us," says physicist Hannah Manetsch. Read more:

Owen Gregorian

43,078 Aufrufe • vor 9 Monaten

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Isabel Foxen Duke⚡️

13,231 Aufrufe • vor 9 Monaten

Quantum computing can destroy crypto market. What's scarier is that our transaction data is being harvested right now. no one is paying attention because it feels like a future problem. sat down with C J $DIAM [founder of DIAM ] Since 2018, he's been quietly building the quantum-proof security layer that the entire $2.4 trillion crypto market will eventually depend on. Long before anyone was paying attention. Here's everything we got into: TIMESTAMPS 00:00 — The $2.4 trillion sitting exposed right now 00:16 — "Harvest now, decrypt later" - what it actually means 01:11 — What's already happening in the shadows of the internet 02:43 — Google just moved the quantum threat timeline to 2029 03:07 — Why waiting until 2029 to prepare is already too late 04:47 — What Diamante actually is (explained for a 15-year-old) 05:33 — Why Bitcoin and Ethereum can't simply "upgrade" to quantum-proof 07:41 — The brutal truth: legacy chains would need a full network fork 09:00 — Are your funds safe in a hot or cold wallet right now? 10:11 — "If you're a fish, you're safe. If you're a whale…" 11:03 — How developers can build or migrate onto Diamante today 12:55 — 120,000 TPS - with quantum encryption live on mainnet 13:02 — What's already being built on the ecosystem 14:04 — Quantum-secured VPN - the first viral use case incoming 15:11 — The ferrochrome giant tokenizing $3B in assets on Diamante 16:07 — How Diamante raised from the Abu Dhabi royal family 19:09 — What YOU can actually do today to protect yourself 22:06 — The psychology of building a 10-year vision in a 10-second market 24:00 — Why patient investors are Diamante's secret weapon 28:42 — What the world looks like in 2035 when quantum hits mainstream 33:39 — What the Diamante community will remember when the storm arrives 35:03 — Why Chirag doesn't see quantum security as a competition 37:43 — RAPID FIRE: AI agents - most overrated trend in crypto? 38:10 — The one builder Chirag respects most (the answer will surprise no one) part that stuck with me most wasn't the tech. It was when Chirag talked about the moments he almost gave up... He built through years when "quantum" wasn't even a narrative, let alone a trend. One of the most grounded conversations I've had on The Based Show.

Sahib

18,833 Aufrufe • vor 2 Monaten