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About this episode
Summary:
In this episode of Early Days, Car sits down with Alex of Project 11 for a thoughtful discussion on the current state of quantum computing and its potential implications for cryptography and Bitcoin. They explore the risks and opportunities this emerging technology presents particularly in the context of ECDSA (Elliptic Curve Digital Signature Algorithm) and RSA (Rivest Shamir Adleman encryption). Alex explains how Project 11 is approaching these developments and offers a grounded perspective on what quantum advancements could mean for the future of digital assets. Whether you're cautiously curious or deeply embedded in the ecosystem, this episode provides a measured look at a complex and increasingly relevant topic.
We explore:
- Explore how quantum computing could reshape cryptography and digital assets, with far-reaching implications for the future of finance.
- Examine the potential risks quantum advancements pose to Bitcoin and how the ecosystem is preparing to meet these challenges.
- Learn how Project Eleven is proposing solutions to safeguard digital currencies against potential technological threats.
- Hear Alex’s personal journey from a military background to leading a pioneering effort in the quantum computing space.
Chapters:
03:05 Understanding Qubits and Cryptography Threats
05:44 The Implications of Quantum Computing on Bitcoin
08:54 Government Responses to Quantum Threats
12:03 The Risks of Nation-State Actors
13:48 The Future of Bitcoin and Quantum Computing
16:44 Current Developments in Quantum Computing
19:41 The Race for Quantum Supremacy
22:48 Project 11 and the Yellow Pages Initiative
28:12 Understanding Post-Quantum Cryptography
31:29 The Open Source Approach of Project 11
35:05 Funding and Future Directions of Project 11
36:21 Optimism in Quantum Computing
44:34 Introducing the Q Day Prize
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