Dr. Wong Explains Quantum Safety for Blockchain at Wiki Expo Global 2024 | What is Q-Day?

Join Dr. Duncan Wong at Wiki Finance Expo World 2024 in Hong Kong as he explores the future of blockchain security against quantum computing threats. Dr. Wong, a professor at City University of Hong Kong and founder of CryptoBLK and Abelian Foundation, explains how reaching 100,000 qubits could break Bitcoin and other cryptocurrencies using Shor's algorithm. Discover the concept of "Q-Day" and the urgent need for quantum-resistant algorithms to protect blockchain systems. Learn about the steps required to secure digital assets in the quantum era.
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Timestamps:

00:00 - Introduction to Quantum Computing and Qubits
00:14 - Importance of 100,000 Qubits
00:21 - Breaking Bitcoin with Quantum Computing
00:39 - Shor's Algorithm and Quantum Threats
01:15 - Current State of Quantum Computing
01:42 - Public Key Exposure on Blockchain
02:11 - Protecting Against Quantum Attacks
02:47 - Quantum-Safe Blockchain Systems

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