Justin Sun discusses the quantum threat and TRON’s post-quantum cryptography plan

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⚡️Justin Sun discusses the quantum threat: The market has severely underestimated Q-Day the potentially devastating impact on Bitcoin’s price

BlockBeats news,October 16, Justin Sun recently discussed the potential threat of quantum computing to the crypto industry in an interview. He said, “Mathematics is extremely important to the crypto industry, and everyone is currently focused on quantum attacks. TRON is advancing the implementation of NIST(the National Institute of Standards and Technology)’s post-quantum cryptography standards, enabling blockchains to resist quantum attacks. This technology is already live on the testnet and is expected to be deployed on the mainnet as early as the beginning of next year.

Many people have severely underestimated the destructive power of Q-Day (Q-Day). Most people in the crypto industry have no idea how slowly the Bitcoin network reaches consensus. I entered the Bitcoin community in 2012 year, and the community’s technological progress has been extremely slow. Even if the entire network clearly knew that 2 years later a disaster was certain to occur, upgrading the entire Bitcoin network and reaching consensus within just 2 years would be an almost impossible task.

Fund managers at major U.S. financial institutions such as BlackRock have not spent enough time researching this issue. In their traditional understanding, this might be like a bug in the iPhone operating system: 2 minutes later, Apple officially releases a system update patch, everyone clicks upgrade, and the problem is solved. But the technological evolution of an underlying public blockchain is completely different. These institutions have invested tens of billions of dollars, but they do not genuinely participate in Bitcoin’s development, understand its underlying technology, or care about how it evolves technologically—just as fund managers who buy Apple stock do not study the underlying iOS code every day. Q-Day will definitely be a huge problem, and the market has severely underestimated Q-Day’s potentially devastating impact on Bitcoin’s price.”

Original link https://m.theblockbeats.info/flash/372135

Key points

BlockBeats reported that Justin Sun recently discussed the potential threat of quantum computing to the crypto industry in an interview.
Justin Sun said that TRON is advancing the implementation of NIST post-quantum cryptography standards, and that the relevant technology is already live on the testnet and is expected to be deployed on the mainnet as early as the beginning of next year.
Justin Sun said that the process of reaching consensus and completing upgrades on the Bitcoin network could be very slow, and that completing an upgrade within 2 years would be almost impossible.
Justin Sun said that fund managers at major U.S. financial institutions such as BlackRock have not spent enough time studying the quantum threat and do not genuinely participate in Bitcoin development.
Justin Sun said that Q-Day would be a huge problem and could potentially have a devastating impact on Bitcoin’s price.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This report relays Justin Sun’s views on the risks of quantum computing. He believes that upgrading the Bitcoin network requires consensus within the community, and that the process may not be fast enough to meet short-term response requirements. He also stated that TRON’s post-quantum cryptography technology is operating on the testnet.

Why it matters to readers

If the relevant quantum threat required a blockchain network to upgrade rapidly while the network struggled to reach consensus in time, the market might pay greater attention to key security and upgrade-coordination risks.

Quantum computing is a type of computing technology that could affect existing cryptographic methods; the discussion here concerns potential risks and upgrade challenges, not an attack that has already occurred.

Risks and unknowns

The evidence does not provide the original interview materials.
Q-Day Whether it will occur and its specific timing cannot be confirmed from the evidence.
The testnet status, mainnet deployment timeline, and effectiveness of TRON’s post-quantum cryptography technology have not been independently verified.
The evidence does not show that Bitcoin has already suffered a quantum attack or that its price has already been affected by this risk.
Justin Sun’s statements about the difficulty of upgrading Bitcoin and the potential price impact are assertions of opinion.

Justin Sun discusses the quantum threat and TRON’s post-quantum cryptography plan

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