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by krastanov
2500 days ago
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Just to be clear, this has barely anything to do with any crypto-currency organization. It is a really regrettable framing for an event that should be of great interest to anyone dealing with cryptography, not just the fairly restricted group of crypto-currentcy enthusiasts. If scalable quantum computers can be built (which seems probable, as we are progressing fast in the number of qubits we can keep together), then certain restricted types of public key encryption will be broken by quantum hardware (all currently used public key encryption actually). We know other public key encryption algorithms exist that can run on classical computers and still not be broken by quantum computers. In many ways they are less tested and less practical, so for a while NIST has been sponsoring the development of such quantum-resistant running-on-classical-computers public-key algorithms. The usual name for this is post-quantum encryption. |
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Are we? Every so often I check back to see how well they're doing with actually running Shor's algorithm. In 2012 they managed to find that 21 = 3 x 7. And today... 21 = 3 x 7. That doesn't sound like progressing fast.
Quantum annealing is doing well for itself, but it isn't any sort of threat to encryption.