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Cryptocurrency faces a quantum computing problem – Car Planet
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    Cryptocurrency faces a quantum computing problem

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    The real quantum test for cryptocurrencies will be governance structures, not technologies, says Hunter Jensen, chief technology officer of Permission.io, a company using cryptocurrency for a targeted advertising system.

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    The Hyperledger Foundation, an open-source software project geared for business uses of blockchain, has begun working on post-quantum cryptography through its Ursa effort, says Daniela Barbosa, Hyperledger’s executive director. Ursa is a library of cryptography software Hyperledger projects can use.

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    A problem with the post-quantum cryptography algorithms under consideration so far, though, is that they generally need longer numeric encryption keys and longer processing times, says Peter Chapman, CEO of quantum computer maker IonQ. That could substantially increase the amount of computing horsepower needed to house blockchains.

    Ultimately, though, cryptocurrency’s organic, self-directed development suggests people will update the digital asset technology to surmount quantum computing’s challenges, Situs Judi Slot Terbaik di Dunia says David Sacco, who teaches at the University of New Haven.

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    Such governance could reward cryptocurrencies that have stronger central powers, such as Dash with its masternodes or even “govcoins” issued by central banks, that can in principle move more swiftly to adopt post-quantum protection. But it presents a conundrum in the crypto community, which often rejects the idea of authority.

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