BITCOIN vs. QUANTUM | Dr Shai Wyborski, PHD in Quantum Cryptography discusses BITCOIN Security

Join us on the XXIM Podcast, your go-to destination for all things decentralization as we sit down with Dr Shai (PHD in Quantum Cryptography) and a leading expert in quantum cryptography, to explore the potential impact of quantum computing on Bitcoin and the cryptocurrency ecosystem. Chapters 00:00 Diving into Quantum Computing 10:23 Quantum Computers 101 - Polynomials Explained 10:50 What Makes Quantum Computers Powerful? 11:00 Can Quantum Solve New Problems? 11:27 Speeding Up with Quantum: The Hypothesis 12:09 What’s a Polynomial in Computing? 12:47 Quantum vs. Classical: Efficiency Showdown 13:37 Adiabatic Computing: Quantum Without Qubits? 14:04 How Adiabatic Computing Works Slowly 14:44 Focus on Quantum Outcomes, Not Mechanics 15:08 Will Quantum Break Bitcoin’s Cryptography? 16:24 Survey Says: Quantum Threat by 2035? 17:47 SHA-256 vs. ECDSA: Bitcoin’s Vulnerabilities 18:29 Grover’s Algorithm: A Quadratic Speedup 19:25 Upgrading to 512-Bit Hashes: Easy Fix? 20:01 Public Key Cryptography: The Real Concern 20:43 Post-Quantum Hardness Assumptions 21:19 Lattice-Based Cryptography Unveiled 22:00 How Noise Defeats Quantum Attacks 23:17 When Will Quantum Threaten Bitcoin? 23:46 Physical vs. Logical Qubits Explained 25:51 Quantum Error Correction: The Game Changer 27:04 Breaking RSA: From 20M to 1M Qubits 29:08 Why Do Quantum Errors Happen? 32:12 Classical vs. Quantum Error Correction 34:19 Post-Quantum Signatures: Challenges Ahead 36:40 Bitcoin’s Upgrade Struggle: A Decade-Long Plan 39:04 Kaspa’s Advantage: High Throughput for Quantum 41:15 Satoshi’s Wallet: A $133B Quantum Risk? 55:21 Tectonic: The Future of Post-Quantum Blockchain This episode is a must-watch for anyone interested in the intersection of quantum technology and blockchain, offering a glimpse into the future of secure, decentralized systems. Dr. Shai, whose PhD research focused on post-quantum migration for Bitcoin, demystifies Quantum computers, Highlighting their differences from classical systems and their ability to challenge cryptographic frameworks like Bitcoin’s elliptic curve cryptography. In this Episode we also delve into critical topics such as the vulnerabilities of quantum mining, the risks of quantum double-spend attacks, and strategies to safeguard Bitcoin against a quantum future. In an exciting reveal, Dr. Shai shares his involvement with a pioneering post-quantum blockchain project led by renowned cryptographers to leverage quantum capabilities for innovative cryptographic solutions. -------------------------- Subscribe for More: / @xximpod Hit the bell to stay updated on decentralization, blockchain, and cutting-edge DeFi projects! This video is for educational purposes only and not financial advice. Always conduct your own research before engaging with blockchain projects or investments. #bitcoin #bitcoinvsquantum #quantumbitcoin #bitcoinquantum #bitcointhreat #quantumthreattobitcoin #bitcoinquantumcomputingthreat