there would be enough liquidity on bsc now for some more options?
We will keep adding assets to BSC market, alongside with more chain expansion.
Yes, there is and we will add new assets that can be added if requested by the community.
Danny what’s your thoughts, if any, regarding Vitalik being cautious about Quantum threats in the future. Has Venus had any words about how to tackle this?
It's definitely a hot topic in the crypto space. The fear is that Quantum computers could potentially crack cryptographic algorithms that underpin blockchain security. As for Venus stance on this issue, there hasn't been any specific statements addressing quantum threats but as everyone else is, we're aware of the potential risks that may arise in the future and we'll be joining our industry partners in exploring ways to enhance security measures in preparation for any future Quantum advancements. Remember that Quantum computing can also be used to secure the algorithms, it's a 2-way road. It's essential for all blockchain projects to stay ahead of the curve when it comes to emerging technologies and potential threats and for this reason we remain vigilant and proactive to protect user assets.
Interesting to see how it plays out. Quantum Computing could be used to secure the algorithms? You would have to be in possession of a QC tho? Would be nice to understand a bit more from your perspective.
In short, Quantum Computing has the potential to enhance the security of cryptographic algorithms through methods such as Quantum Key Distribution (QKD) and quantum-resistant encryption. QKD allows for the generation of secure encryption keys based on the laws of quantum mechanics, making it theoretically impossible for eavesdroppers to intercept the key without detection. While Quantum Computing can be used to enhance cryptographic security, you don't necessarily need to have a Quantum Computer to benefit from these advancements. Sure, Quantum Computers have the capability to perform certain calculations at speeds and scales that classical computers cannot match, but there's already other methods being developed to implement quantum-resistant algorithms on classic computing systems...
So how easy is it to implement an algorithm/signature that hypothetically is QC resistant into Venus such as Dilthium or Falcon?
Not easy lol. Like anything new, it will require a significant amount of work and ressources to implement and test I'm sure. When we get there it'll require someone that has expertise in quantum cryptography to do thorough implementation testing on fork before it can be put into production as well. Hopefully by that time there are more 'Friendly' (less complex and time-consuming) processes developed for the financial industry. There has to be...
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