People ask about what quantum will do to ₿ but never what it will do for chase\boa\wells fargo\hsbc

Reply to this note

Please Login to reply.

Discussion

It will have its impact, but nothing compared to Bitcoin because decentralised protocols require more time to upgrade, and signature size impacts Bitcoin a lot more.

Banks and everyone else is in the process of upgrading. Banks won't be hacked, however for Bitcoin if we don't start the work now, it may be too late.

Compared to upgrading bitcoin it is basically free.

So centralised they can just do the infra over a weekend. If needing new passwords and pins from users then over the following few weeks.

Ultimately way way quicker than a bitcoin upgrade