Today, Presidio Bitcoin, a Bitcoin hub located in California’s Bay Area, launched a site Knowledge Repository/Live Report on GitHub To track the current state of research on the quantum vulnerability in Bitcoin.
The report aims to be a central location where people in the ecosystem can easily follow and analyze the current state of research on this issue.
It currently takes a comprehensive look at the status of:
- The current state of quantum computing, as well as research into different quantum computing techniques that could advance materials engineering towards a viable device.
- The exposure level, i.e. how many coins and how much of their total value is currently vulnerable to long-range attacks by a capable quantum computer.
- Post-quantum cryptographic schemes, as well as the current state of research into developing variants of these schemes that are further optimized for Bitcoin’s unique structure and workings.
- The different ways to implement post-quantum cryptography in Bitcoin, and the trade-offs between these different paths.
- Various mechanisms to safely migrate weak coins to quantum secure addresses if a sufficiently powerful quantum computer is created before users move to post-quantum cryptography.
- An analysis of the different ways in which actual migration can take place under different circumstances.
They plan to update the repository/report regularly as new research emerges, and solutions and plans are improved and updated.
This announcement comes after growing allegations that Bitcoin developers are not doing anything to acknowledge or address the problem, and aims to highlight the ongoing research and development into solutions to the problem conducted by developers.
Read the current version of the report here.
