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Hash-based signatures for Bitcoin's post-quantum future? with Jonas Nick | SLP713
Bitcoin researcher @Blockstream and bitcoin/secp256k1 contributor, @n1ckler joins me to discuss how quantum computing could impact Bitcoin’s security. We explore post-quantum cryptography, hash-based signatures, impact on hardware wallets, the controversial block size trade-offs and more.
(00:00) - Intro
(01:49) - How real is quantum risk to Bitcoin?
(04:39) - When could quantum pose a threat to Bitcoin’s cryptography?
(09:56) - Long range vs Short range attacks
(12:37) - How many coins are vulnerable to Long range attacks?
(14:12) - Different types of cryptography and exploring Hash-based signature schemes
(17:00) - Categories of Hash-based signature scheme and their pros & cons
(23:42) - How do Hash-based signatures work?
(32:14) - Would Lightning, Multi-sig, Taproot, Silent Payments, Atomic swaps work in a post-quantum world?
(38:50) - What are Adaptor signatures & how do they affect atomic swapping?
(41:27) - Will we need new Bitcoin hardware wallets?; Signature production & verification
(44:41) - Signature size and Bitcoin block capacity implications
(46:52) - Should we revisit the block size conversation?
(54:57) - Overview of SPHINCS+ & SHRINCS
(59:49) - Transitioning to post-quantum signature schemes; Overview of BIP 360
(1:09:06) - Closing thoughts
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