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RE: Know Your Crypto #5 - IOTA

in #cryptocurrency • 7 years ago

Valuable information you got there. I didn't know the team claimed IOTA to be Quantum proof. Given that Quantum computing is in its very early stages of development, I would not be so sure about IOTA being quatum resistant. It is nevertheless an interesting concept.

IOTA (MIOTA) is based on a new blockchain technology ...

** while it may be blockchain inspired, does IOTA qualifies as being based on a new blockchain technology?

7 years ago in #cryptocurrency by
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     7 years ago (edited) 

    Quantam Proofing is key, breaking crypto algos will happen sooner than we can imagine. NEO also has quantum proofing. Check out some of my videos @tswoop I go over recent NEO news etc.

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       7 years ago  

      Post-quantum cryptography refers to cryptographic algorithms (usually public-key algorithms) that are thought to be secure against an attack by a quantum computer. This is not true for the most popular public-key algorithms, which can be efficiently broken by a sufficiently large quantum computer. The problem with the currently popular algorithms is that their security relies on one of three hard mathematical problems: the integer factorization problem, the discrete logarithm problem or the elliptic-curve discrete logarithm problem. All of these problems can be easily solved on a sufficiently powerful quantum computer running Shor's algorithm.

      Source: wikipedia

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         7 years ago  

        Is there a reference to what is meant by quantum proof and its significance?

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