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LBRY Claims • Quantum-Computer

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22 Dec 2019 23:16:13 UTC
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Quantum Computing Destroy Bitcoin?
Although cryptographic hash functions, such as the SHA-256 used in Bitcoin, are **quantum computer **reliable, the Secp256k1 encryption method, like all **ECDSA algorithms** is vulnerable to quantum computers. A powerful quantum computer will be able to destroy Bitcoin with its current technology.

Humanity currently does not have the technology necessary to create a quantum computer large enough to attack Bitcoin keys. It is not known how quickly this technology will advance; however, cryptography standards such as ECRYPT II tend to say that **Bitcoin's 256-bit ECDSA keys are secure until at least 2030-2040.**

Source: What IF, Paramount Picture
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