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More / Etherum Reddit - 2 years ago

Eth 2 BLS in post quantum world

I saw discussions on how Ethereum may migrate from ECDSA to some quantum proof DSA. Even though such DSA will be less efficient to verify, it will probably not be a deal breaker. What bothers me is what will happen with BLS sigs the beacon chain heav...

More / Bitcoin Reddit - 2 years ago

Quantity theory of Money and Bitcoin

Quantity theory of money goes like this: MV = PY, ,where M = Money: How many $ is circulating. V = Velocity: How many times M is used in a year. P = Price Level (price index, such as CPI) Y = real GDP This implies at least one of three has to happen,...

More / Etherum Reddit - 3 years ago

Ethereum encryption and quantum computing

Watched a short video earlier today on quantum computing and it's ability to break the encryption methods used today (not specifically Ethereum). The presenter made a note how we are not there yet (400 qbits is the current tech, need over a milli...