Audio is streamed directly from the publisher (pdrl.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Google just set a deadline. Quantum computers could break Bitcoin's encryption by 2029. Are blockchains ready?
Sponsored by Nexo
Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges.
Get started at http://nexo.com/unchained
Google and Oratomic published quantum computing research on the same day, and together they redraw the timeline for when blockchains need to be post-quantum secure.
Google's paper, co-authored by Ethereum Foundation researcher Justin Drake and Stanford cryptographer Dan Boneh, estimates 2029 for breaking the elliptic curve cryptography that protects Bitcoin and Ethereum.
Oratomic's findings are sharper: utility-scale quantum computers may need only 10,000 qubits, not the millions previously assumed, and the company already has 6,000 in the lab.
With 6.7 million BTC in vulnerable addresses and a newly identified 9-minute attack window on unspent Bitcoin transactions, the question is no longer whether blockchains need to migrate. It's whether they can do it fast enough.
Guests:
-
Alex Pruden, Co-Founder & CEO, Project Eleven
-
Dolev Bluvstein, CEO of Oratomic
Links:
-
Unchained:
-
Research Papers:
-
Google: Securing Elliptic Curve Cryptocurrencies Against Quantum Vulnerabilities
-
Oratomic: Shor's Algorithm with as Few as 10,000 Reconfigurable Atomic Qubits (arXiv)
-
Caltech: Useful Quantum Computers Could Be Built with as Few as 10,000 Qubits
-
Companies & Tools:
-
Standards & Infrastructure:
Learn more about your ad choices. Visit megaphone.fm/adchoices