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No text changed to prevent translation issues. Link to article by Vitalik discussing quantum computing issues and potential solutions.
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sunnankar 2015-04-20 00:00:51 -04:00
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@ -383,7 +383,7 @@ en:
colludetxt1: "It is not possible to change the Bitcoin protocol that easily. Any Bitcoin client that doesn't comply with the same rules cannot enforce their own rules on other users. As per the current specification, double spending is not possible on the same block chain, and neither is spending bitcoins without a valid signature. Therefore, It is not possible to generate uncontrolled amounts of bitcoins out of thin air, spend other users' funds, corrupt the network, or anything similar." colludetxt1: "It is not possible to change the Bitcoin protocol that easily. Any Bitcoin client that doesn't comply with the same rules cannot enforce their own rules on other users. As per the current specification, double spending is not possible on the same block chain, and neither is spending bitcoins without a valid signature. Therefore, It is not possible to generate uncontrolled amounts of bitcoins out of thin air, spend other users' funds, corrupt the network, or anything similar."
colludetxt2: "However, powerful miners could arbitrarily choose to block or reverse recent transactions. A majority of users can also put pressure for some changes to be adopted. Because Bitcoin only works correctly with a complete consensus between all users, changing the protocol can be very difficult and requires an overwhelming majority of users to adopt the changes in such a way that remaining users have nearly no choice but to follow. As a general rule, it is hard to imagine why any Bitcoin user would choose to adopt any change that could compromise their own money." colludetxt2: "However, powerful miners could arbitrarily choose to block or reverse recent transactions. A majority of users can also put pressure for some changes to be adopted. Because Bitcoin only works correctly with a complete consensus between all users, changing the protocol can be very difficult and requires an overwhelming majority of users to adopt the changes in such a way that remaining users have nearly no choice but to follow. As a general rule, it is hard to imagine why any Bitcoin user would choose to adopt any change that could compromise their own money."
quantum: "Is Bitcoin vulnerable to quantum computing?" quantum: "Is Bitcoin vulnerable to quantum computing?"
quantumtxt1: "Yes, most systems relying on cryptography in general are, including traditional banking systems. However, quantum computers don't yet exist and probably won't for a while. In the event that quantum computing could be an imminent threat to Bitcoin, the protocol could be upgraded to use post-quantum algorithms. Given the importance that this update would have, it can be safely expected that it would be highly reviewed by developers and adopted by all Bitcoin users." quantumtxt1: "Yes, most systems relying on cryptography in general are, including traditional banking systems. However, quantum computers don't yet exist and probably won't for a while. In the event that <a href=\"https://bitcoinmagazine.com/6021/bitcoin-is-not-quantum-safe-and-how-we-can-fix/\">quantum computing</a> could be an imminent threat to Bitcoin, the protocol could be upgraded to use post-quantum algorithms. Given the importance that this update would have, it can be safely expected that it would be highly reviewed by developers and adopted by all Bitcoin users."
help: "Help" help: "Help"
morehelp: "I'd like to learn more. Where can I get help?" morehelp: "I'd like to learn more. Where can I get help?"
morehelptxt1: "You can find more information and help on the <a href=\"#resources#\">resources</a> and <a href=\"#community#\">community</a> pages or on the <a href=\"https://en.bitcoin.it/wiki/FAQ\">Wiki FAQ</a>." morehelptxt1: "You can find more information and help on the <a href=\"#resources#\">resources</a> and <a href=\"#community#\">community</a> pages or on the <a href=\"https://en.bitcoin.it/wiki/FAQ\">Wiki FAQ</a>."