Will the new LK-99 superconductor substance compromise #Bitcoin’s encryption by allowing major innovations in quantum computing? Imo it’s still too early to tell, as there is only the one study conducted so far.
Keep in mind the 10 minute window works in our favor. Cracking SHA-256 in 10 minutes required 1.9 billion qubits, current technology only allows for a 5,000 qubit quantum computer. Each qubit is estimated to cost $10k.
While we likely have some time before this becomes a major problem, starting to move towards a quantum resistant #Bitcoin can never be done too early. One solution could be changing public/private key pairs from 256 bit to over 1 million bit.
One of the biggest challenges will be reaching consensus on which steps to take in order to do so.
Here’s the worst case from the mouth of Satoshi Nakamoto on the threat of quantum computing:
“If SHA-256 became completely broken, I think we could come to some agreement about what the honest block chain was before the trouble started, lock that in and continue from there with a new hash function.”
If this doesn’t eviscerate quantum computing FUD idk what will! 