What Bitcoin Did WILL QUANTUM BREAK BITCOIN? W/ Hunter Beast
Mar 11, 2025
In this engaging discussion, Hunter Beast, a Bitcoin researcher dedicated to mitigating quantum computing threats to Bitcoin security, dives deep into the potential risks quantum technology poses to cryptocurrency. He shares insights on Q-Day, when quantum computers could break Bitcoin's encryption, and the preparation efforts from governments and institutions. Hunter highlights BIP 360, his proposal for post-quantum cryptography, and emphasizes the importance of adapting Bitcoin's security measures to face the rapidly advancing world of quantum computing.
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Quantum Computing Basics
- Quantum computers use qubits, which store data as probabilities, not just 1s and 0s.
- This lets them explore many possibilities simultaneously, unlike normal computers.
Quantum Error Correction
- Quantum computers are error-prone due to noise interference in their circuits.
- Error correction codes and new materials like Myrona fermions aim to mitigate this.
Current State of Quantum Computing
- Quantum computers are currently limited in size and usability.
- Recent breakthroughs by Microsoft and Google mark fundamental but not immediately transformative progress.