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Author Topic: Bitcoin Private Keys could be cracked With Quantum computers  (Read 15340 times)

Offline arnold dudicove

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #30 on: February 10, 2021, 01:02:12 PM »
I think it is still difficult to do because so far the quantum computer only accessed a few keys but to go deeper it will not be able to, bitcoin key is very complicated.

That's right ... I believe that quantum computers were not built with the sole purpose of penetrating a person's personal assets. Standard devices still require a lot of expertise to penetrate secret keys including bitcoin ...
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #30 on: February 10, 2021, 01:02:12 PM »

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #31 on: February 10, 2021, 01:11:45 PM »
@arnold dudicove quantum computers are not being manufactured or programmed to violate anyone's privacy or steal anyone's funds, but as everything in life depends on how we use things, for example cars, they are not made to run over, but there are criminals who use them. Knives were not invented for that either, they are not made to stab, but there are people who use them to stab. In the same way, quantum computers are made to be able to process calculations much faster than conventional ones.
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #32 on: February 10, 2021, 04:29:18 PM »
Is it facts? Or FUD?
How can the ways of cracking the private keys? If this is really able to do that, so everybody's wallet will be not safe. How cab Google do that facilitating scammers or hackers to work very easily? I don't know about this

I think It is really difficult to happen . I also don't think Bitcoin private key s could be cracked with quantum computer. I think It is impossible to happen. So keep calm, don't worry with this issue, Its just rumours

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #33 on: February 10, 2021, 04:35:30 PM »
@Pacar Tiri taking into account that blockchain is based on cryptography and decentralization, the computing speed of a quantum computer could theoretically break the encrypted private keys and associated with public keys, in addition to being able to reach more than 51% of the mining nodes of the Bitcoin network. Making one of the great advantages of the system, security and consensus, are not guaranteed.

The solution will be that other teams will adapt to it and that if a cryptographic system will be corrected before anyone else, it will be that of a blockchain network as it is open source and can quickly make a variation on it.
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #34 on: February 10, 2021, 06:14:42 PM »
Google has left everyone awestruck with it's latest technological development of quantum computer which claimed to hold the potential of handling intricate calculations in seconds. while on the other hand the entire procedure for bitcoin mining and transaction based and secured by complex mathematical structures, which are almost impossible to breakthrough. though not sure for how long with the new quantum approaching.
This news has shaked many bitcoin holders and traders worried of losing their BTC, though this time it's not about price it's something much bigger than that, something that can change the fate of crypto industry from its core.

News Source: TheCoinRepublic
we'll, blockchain expert could somehow create a solution for this problem. these computers is not yet exist and still on development stage. these could not bring harm to the crypto community for sure.
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #35 on: February 10, 2021, 11:51:45 PM »
I don't know exactly how the mechanism and how it works and whether this has been proven or not. But I do believe that every technology always has its own weakness and maybe this is what happens to crypto. To be cracked or hacked is something that is usual. But if it is cracked very easily, I don't think it works. It may be only a FUD
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #36 on: February 11, 2021, 08:32:53 AM »
Until now Quantum computers have not provided the best way to hack Private from Bitcoin because there are not yet quantum computers that have created them perfectly.
I'm waiting for the best moment to see this because I think this is bad news for all holders of Bitcoin and this should be avoided.
Hopefully the Bitcoin Private Key can't be hacked at any time because I think this Bitcoin Private Key is really a very good power to secure.
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #36 on: February 11, 2021, 08:32:53 AM »


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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #37 on: February 11, 2021, 10:10:44 AM »
@masudginanjar developers are not going to sit idly by. Over time, more skills about quantum computers will be learned and solutions will be sought as quickly as possible. There is no need to fear now or in the future, it is too early to talk about it, there are still many years to "see" a quantum computer.
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #38 on: February 11, 2021, 04:36:15 PM »
This post was made in 2019 and until 2021 there is no definite news about the results of quantum computers, so I don't think it will ever be there.
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #39 on: February 11, 2021, 11:58:32 PM »
Seriously?
How can th9s crack Bitcoin private keys? This is very crucial data and important t keep saved. If this happens, many are in trouble and we can't ensure that our asset is safe. But is this only a bad issue to make us panic? Can you prove how they crack Bitcoin private keys so easily?

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #40 on: February 12, 2021, 12:35:26 AM »
Seriously?
How can th9s crack Bitcoin private keys? This is very crucial data and important t keep saved. If this happens, many are in trouble and we can't ensure that our asset is safe. But is this only a bad issue to make us panic? Can you prove how they crack Bitcoin private keys so easily?
Mathematically, of course, it is very difficult for anyone to hack a private key, moreover there is a claim about this for me is a story that is spiked with something that can be interesting so that many read and also benefit from the news it makes. This method is being used a lot because by clicking that the profit will be obtained.

The private key is made in such a way as to protect everyone's property from being misused. so the manufacture has also been designed so that it is not easy for someone to try to hack it. although there may be complaints that there is a tool that is very sophisticated and it is said that it will be able to hack it, for me it is just a complaint so that it can be tranding on the topic of a news only.

If there is, how to do it scientifically, it needs to be proven so that one can believe that someone has been able to crack the private key. but until now this news has not been booming and has created panic among private key holders.
still safe, safe and does not seem to be a crucial problem.
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #41 on: February 12, 2021, 02:09:02 AM »
Quiet alarming news to be honest but yeah evolution of technology took so long to come just like how humans evolve. I am not a hodler right now but still a threat to all Bitcoin hodler if it will come true in the future but I am also thinking of the devs because they are capable of upgrading new updates for such technical issues in the system of blockchain.

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #42 on: February 12, 2021, 09:31:41 AM »
@arnold dudicove quantum computers are not being manufactured or programmed to violate anyone's privacy or steal anyone's funds, but as everything in life depends on how we use things, for example cars, they are not made to run over, but there are criminals who use them. Knives were not invented for that either, they are not made to stab, but there are people who use them to stab. In the same way, quantum computers are made to be able to process calculations much faster than conventional ones.
I agree with you. That many things are deliberately created for good. So it is with quantum computers. But by bad people then use it precisely for fraudulent purposes which can harm anyone. So it all comes back to each individual.

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #43 on: February 12, 2021, 09:47:23 AM »
Exact @Azaleea. also, these computers will not be available to everyone, most likely only armies, labs, large corporations (Google, Apple, and more) and few others have access. And they will be protected by great security measures, do not be afraid. When quantum computers "can" do something against the Bitcoin blockchain, the necessary measures will be taken to prevent it.
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #44 on: February 12, 2021, 11:05:18 AM »
The technology industry has progressed very rapidly. So it is not surprising that people are worried about the privacy side that might be able to be accessed by anyone through the tools he created

 

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