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RE: Importance of Hashing Algorithms and Why should we Ask Ourselves if Cryptography and Encryption are Safe from the latest development of Quantum Computers

in #science9 years ago

The value of cryptography can depend on how long you need to keep a secret. It may be possible to crack in 25 years as computers become more powerful, but will it matter then? I need to read up on what difference quantum computers make, but they are at a very early stage for now. Could Bitcoin migrate to new algorithms that are less vulnerable?

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Personally, i think that Bitcoin would have to go through many hard-forks and changes to be Quantum Proof! But it paves way for newer improved Cryptocurrencies. Time has yet to tell if there is need for a change as for now we may keep the threat of Quantum Computing Aside while also working on ways we can minize security risks for Cryptology and Encryption