Today Presidio Bitcoin, a Bitcoin center located in the Bay Area of California, has launched a archive information / live report on Github to examine how current research relates to Bitcoin’s quantum vulnerability.
This report aims to be a central place where environmentalists can monitor and evaluate the progress of research in this area.
It is currently looking in detail at the status of:
- The current state of quantum computing, as well as research into various quantum computing technologies that may lead to engineering progress toward a viable device.
- The level of exposure, i.e., how much money and how much is at risk in the long term is a computer that can multiply.
- Post-quantum cryptographic schemes, as well as the progress of this research in creating different types of such schemes that are highly optimized for Bitcoin’s unique design and functionality.
- Different ways to use post-quantum cryptography in Bitcoin, and trade-offs between these different ways.
- Various methods of transferring vulnerable funds to secure addresses if a computer with sufficient computing power were developed before users migrated to post-quantum cryptography.
- An analysis of the different ways in which real migration can play out in different contexts.
They are planning to update the database/report regularly as new research comes out, and solutions and policies are revised and updated.
The announcement comes after increasing reports that Bitcoin developers are not doing anything to acknowledge or solve the problem, and want to highlight the ongoing research and development in solutions that developers have done.
Read the latest report Here.
