China is spending vast amounts of money on artificial intelligence and quantum computers. For example just their government quantum computer program is budgeted at $15 billion a year. By way of example the US government has no organized program. Only budgeting grants to universities and researches a paltry$1 billion dollars a year for quantum computer research. We have reported and we want to document again that China is moving ahead with quantum computing to break as many ciphers as possible….. especially crypto currencies. Every top secret document, every email , every computer system and every transfer of data the US government uses all the encrypted documents China has. Every Pentagon Secret the Chinese have collected and stored in vast computers for years waiting for the day their Quantum Computer will be able to crack the security codes that protects America’s secrets. They will soon be hacked.
The US government through Commerce’s National Institute of Standards and Technology (NIST) is moving ahead and changing software to a new standard of encryption that is quantum computer hack proof. These software encryption updates are easy to do on central main frame computers. Your credit card company, your bank and financial institutions that rely upon encryption have already upgraded .
The new NIST ENCRYPTION STANDARDS ARE hack proof meaning quantum computers will not be able to BREAK the encryption code.
NOT Bitcoin
The problem is Bitcoin blockchain is not running on only one computer. Bitcoin exists on millions of computers that are privately owned and operated on their peer-to-peer network. In order for the bitcoin algorithm to be upgraded and be protected would be for all these millions of the PTP block chain computers to to agree to and install the new encryption upgrades. Once the changes are agreed to it would take 300 days basically a year to install the new encryption standard on the blockchain that the NIST has released. It needs to be done in hours not months to save the crypto coins.
The news NITS encryption standards are already installed on key computers including the Federal Reserve, Money Center Banks, Credit Card Companies and financial institutions the world over. So very quietly without a lot of noise computer systems the world over are being hardened for the coming Q-day hack. That’s when quantum computers will be able to crack the SHA 256 algorithm that’s the present encryption standard.
The deep dark Forbidden Secret of Bitcoin is they haven’t agreed upon the new Quantum Computer hack proof standard and they have no way of installing the new encryption standards in time. Which means millions of bitcoins worth trillions of dollars are sitting on millions of P2P independent owned and operated computers on the block chain will soon be hacked.
see nist confidential memo below:
GAITHERSBURG, Md. — The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has finalized its principal set of encryption algorithms designed to withstand cyberattacks from a quantum computer. Researchers around the world are racing to build quantum computers that would operate in radically different ways from ordinary computers and could break the current encryption that provides security and privacy for just about everything we do online. The algorithms announced today are specified in the first completed standards from NIST’s post-quantum cryptography (PQC) standardization project, and are ready for immediate use
The three new standards are built for the future. Quantum computing technology which is developing rapidly, and some experts predict that a device with the capability to break current encryption methods could appear very soon, threatening the security and privacy of individuals, organizations and entire nations.
- NIST has released a final set of encryption tools designed to withstand the attack of a quantum computer.
- These post-quantum encryption standards secure a wide range of electronic information, from confidential email messages to e-commerce transactions that propel the modern economy.
- NIST is encouraging computer system administrators to begin transitioning to the new standards as soon as possible.