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Author Topic: LTC v BTC Quantum attack  (Read 1661 times)
jubalix (OP)
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March 19, 2013, 02:58:14 PM
 #1

LTC v BTC Quantum attack which is more resistant?

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Qoheleth
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March 19, 2013, 06:18:44 PM
 #2

They are equally vulnerable.

Quantum attacks on the hashing algorithm are utterly irrelevant. The best quantum algorithms give you a big advantage in making hashes, but doesn't let you make them at will; the difficulty will adjust and life will go on. The only relevant quantum attacks are on the digital signature scheme that protects wallets from thieves, and both Bitcoin and Litecoin use ECDSA (which can be broken by Shor's Algorithm).

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
MarlboroMan
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March 19, 2013, 08:34:35 PM
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Forget Litcoin its a copy of bitcoin and will not be helpful in Bitcoins economy.
jubalix (OP)
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March 20, 2013, 09:04:02 AM
 #4

They are equally vulnerable.

Quantum attacks on the hashing algorithm are utterly irrelevant. The best quantum algorithms give you a big advantage in making hashes, but doesn't let you make them at will; the difficulty will adjust and life will go on. The only relevant quantum attacks are on the digital signature scheme that protects wallets from thieves, and both Bitcoin and Litecoin use ECDSA (which can be broken by Shor's Algorithm).


OK question answered, blockchain safe, wallets fly open...(except for the send once to new address always scheme)

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