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Author Topic: Bitcoin Private Keys could be cracked With Quantum computers  (Read 12533 times)

banser

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #60 on: June 01, 2022, 05:02:50 PM »
I think It will never happen, Not easy to crack bitcoin private with quantum computer.
Until now, I didn't  hear about it.
No one can do.
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #60 on: June 01, 2022, 05:02:50 PM »


Zezari

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #61 on: June 02, 2022, 11:34:28 AM »
Anyway, bitcoin will need to do something in terms of this new quantum computer, protecting bitcoin is its initial task, if it is possible to crack the private code, the price of bitcoin will drop sharply.
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #61 on: June 02, 2022, 11:34:28 AM »
:)

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #62 on: June 02, 2022, 11:54:59 AM »
Anyway, bitcoin will need to do something in terms of this new quantum computer, protecting bitcoin is its initial task, if it is possible to crack the private code, the price of bitcoin will drop sharply.

As I have said on occasion, it will be many years before quantum computers are available to some companies, and many more years before an ordinary user can buy one, of course they will be very expensive and underpowered. But that does not matter now, when quantum computers are a fact, Bitcoin and other cryptocurrencies will have the necessary mechanisms to protect themselves from these types of attacks, some developers have stated this on several occasions.

dekafee79

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #63 on: June 16, 2022, 08:35:39 PM »
You're right, quantum computer is very expensive.
But It's a  hope.
maybe I don't believe bitcoin private key could be cracked with quantum computer.
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #64 on: June 17, 2022, 10:00:02 AM »
You're right, quantum computer is very expensive.
But It's a  hope.
maybe I don't believe bitcoin private key could be cracked with quantum computer.
Quantum PCs are only for people who want to do research and of course it's not easy to get them, quantum PCs are not like PCs on the market like in general because these PCs are not designed for ordinary use. so I think it would be pointless to have a very good and very expensive PC but still not multifunctional.
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #65 on: June 21, 2022, 10:23:42 PM »
I think It will never happen, Not easy to crack bitcoin private with quantum computer.
Until now, I didn't  hear about it.
No one can do.
This is already becoming a reality. Quantum computers are improving quite rapidly. It is estimated that at the current rate of development of their capacities, it will take about ten years for them to be able to crack the security codes of cryptocurrencies. And this is in the event that something new is not invented, which will significantly speed up this process.
In China, not very powerful quantum computers are already being supplied to schools so that they study the principle of its operation and know how to use it.

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #66 on: June 22, 2022, 07:06:48 PM »
This is already becoming a reality. Quantum computers are improving quite rapidly. It is estimated that at the current rate of development of their capacities, it will take about ten years for them to be able to crack the security codes of cryptocurrencies. And this is in the event that something new is not invented, which will significantly speed up this process.
In China, not very powerful quantum computers are already being supplied to schools so that they study the principle of its operation and know how to use it.

The computers that the Chinese government is giving to schools in the country are low-end computers, 1 or 2 qubits. And although they can be called quantum computers, in reality they are very far from offering the power of prototypes like those of Google, for example. There are many years to go before we can see really powerful machines, but we must remember that they will be within the reach of very few pockets, since they will be very expensive.

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #67 on: June 22, 2022, 08:06:16 PM »
We don't have a quantum computer right now so I don't see this as a big deal for BTC and the crypto market. We have the best experts in the field and I believe they can use blockchain technology to protect users. The power of a decentralized network is greater than the power of a mainframe.
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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #68 on: July 26, 2022, 08:33:21 AM »
I think It will never happen, Not easy to crack bitcoin private with quantum computer.
Until now, I didn't  hear about it.
No one can do.
Nevertheless, quantum computers have been created and continue to improve. So, scientists in Austria managed to improve a quantum computer and create the world's first universal quantum computer, which is built on the basis of kudits - the so-called multi-level quantum bits.

The essence of the discovery is that most of the existing quantum computers are computers built on the basis of the so-called qubits - quantum analogues of logical bits (artificial analogues of the hydrogen atom with two energy levels). Along with qubits, there are qudits - more complex quantum memory cells - qutrits and kukvadras - structures with three or four levels. In theory, kutrits and kukvadras allow you to process more data with fewer particles, but at the same time they are much more difficult to manipulate and connect with each other.
Therefore, the researchers decided for the first time to use qudits based on calcium ions - such a move made it possible to create a universal quantum computer that will significantly increase the speed of calculations.
In such a machine, each of the qudits has eight well-defined energy levels, seven of which physicists have learned to use for calculations.
And if you place a calcium ion in a magnetic-electric trap, illuminating it with a laser, you can manipulate the properties of the energy levels.

It was this idea that helped create two prototypes of a universal quantum computer built on the basis of three and ten qudits. Such a computer is capable of performing all the logical operations available to qubit computers by changing the number of energy levels used in individual qudits.

According to Austrian physicists, while the created computers make many random errors during operation, however, in the near future, scientists plan to significantly reduce their number. This, in particular, can be achieved by using more powerful magnets and high-frequency traps to retain calcium ions.

All statements that such computers will be very expensive and will be used only for research do not hold water. Criminals will take them first. After all, if they hack wallets with bitcoins worth several billion dollars, then for them it will be worth it and they will pay any amount for such a computer.

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #69 on: July 28, 2022, 01:21:31 AM »
I think hackers can take action when crypto users use hot wallets, currently there is a blockchain invention that supports Quantum security system and I am interested in investing in it.
For Bitcoin, I think when quantum computers didn't exist, there were already hacks on platforms like Binance and hackers easily took 7000 BTC by exploiting loopholes in user accounts.

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #70 on: July 29, 2022, 04:15:31 PM »
In recent years, we have seen a lot of discoveries in the field of quantum computing and quantum computers. Recently I read the news that scientists from the Center for Computational Quantum Physics at the Flatiron Institute in New York have created a new, never seen before phase of matter. Its peculiarity is that atoms have two time dimensions, although they exist in our single time stream.

Physicists have created this strange phase of matter by firing a laser with a pulse based on the Fibonacci sequence at the atoms used inside a quantum computer. They argue that this could be a breakthrough in quantum computing because it can protect stored information from the errors that occur in current quantum storage methods. Data degradation is still happening, but at a much slower rate. Although physicists have shown that this method creates much more reliable qubits, they acknowledge that they still have a lot of work ahead of them. This new phase of matter could lead to long-term storage of quantum information, but only if they can somehow integrate it into a quantum computer.

We see that the field of quantum computing is developing very quickly and it is difficult to say how soon quantum computers will actually threaten the private keys from our cryptocurrency wallets. After all, predicting discoveries in the field of physics is quite difficult. It remains to be hoped that by this time the cryptocurrency will also be reliably protected.

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #71 on: August 04, 2022, 03:59:07 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

Until now, I didn't read there is the way to crack private key of bitcoin.
I don't believe quantum computer can do that
it seems difficult, and even impossible to happen.
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alltalk

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #72 on: August 04, 2022, 11:56:35 PM »
This is why there is no safe place in the digital world. there is always a way for hacker to hack or crack our data, assets, wallets, accounts, platforms, and others.
that is why in the digital era, we must be careful. at least, be careful with phising link, be careful when we got a link to clik, program to join, and also the way we secure our data

legendary1979

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #73 on: August 09, 2022, 09:19:52 AM »
agreed, we should always safe our private key, don't be loss.
I think hacker and scammer will have many way to crack or scam our private key.
TBH I don't believe quantum computer can crack our private key

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Re: Bitcoin Private Keys could be cracked With Quantum computers
« Reply #74 on: August 10, 2022, 10:52:01 PM »
I think It will never happen, Not easy to crack bitcoin private with quantum computer.
Until now, I didn't  hear about it.
No one can do.
Just because you haven't heard about the new possibilities of quantum computers doesn't mean it can't happen. Recently, I have already read several articles about serious positive experiments that can dramatically increase the computing power of quantum computers. Moreover, such inventions cannot be planned in advance. Therefore, everything is possible. But I'm not particularly worried. First of all, wallets for very large sums will be at stake.

 

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