Can Artificial Intelligence Crack Blockchain Cryptography?
Original title: Why People Are Worried AI Could Crack the Math That Secures Every Blockchain
NEXO
+0.2%
Watch on YouTube Opens on youtube.com in a new tab. Playback here uses youtube-nocookie.com.
Summary
Nearly every blockchain relies on the Elliptic Curve Digital Signature Algorithm to prove ownership. In a recent discussion on Unchained hosted by Laura Shin, Project Eleven co-founder and CEO Alex Pruden and CTO Conor Deegan explore whether artificial intelligence could locate the hidden trapdoor structure behind digital signatures before quantum computers do. Deegan discusses how artificial intelligence has already broken two post-quantum candidates, Hawk and McEliece, while comparing curves to hashes. The conversation also highlights a warning from Matthew Green regarding encryption and why privacy protocols such as Zcash carry the most encryption risk.
This AI summary uses the title, description and tags. It may miss context from the full video. How summaries are checked
Key points
- Nearly every blockchain relies on ECDSA, the Elliptic Curve Digital Signature Algorithm, to prove ownership.
- Alex Pruden and Conor Deegan joined host Laura Shin to discuss whether artificial intelligence could find the hidden trapdoor structure in digital signatures.
- Conor Deegan stated that artificial intelligence has already broken two post-quantum candidates, Hawk and McEliece.
- Matthew Green issued a warning about encryption being harder to fix than signatures, which impacts privacy protocols like Zcash the most.
Related briefs
XRP ETFs reach $1.8 billion in cumulative net inflows since launch
XRP ETFs attracted $708,520 in daily net inflows in their latest trading session. The funds have reached $1.8 billion in cumulative net inflows since launching in November last year. U.S.
2 sources
A video appearing here is not an endorsement. Crypto assets can lose value. This page provides information, not investment advice.