The Pro-Quantum Argument w/ Tyler Whittle

February 8
1h 13m

Episode Description

Tyler Whittle, Head of Product at Project 11 , joins us to talk about the intersection of quantum hardware and cryptographic security. He explains why current encryption like RSA and ECC are vulnerable , the progress made by Google’s Willow in noise reduction , and the specific NIST timelines for 2035. Tyler says the industry can prepare for Q-Day with new standards and why the transition is a race against time for global financial privacy and the Bitcoin network.


Notes:


* NIST says to deprecate classical crypto by 2035.

* Google Willow reduces noise as qubits increase.

* 35% of Cloudflare traffic is already PQC.

* Quantum hardware could factor numbers in 18 mo.

* Quantum signatures will increase Bitcoin fees.

* Q-Day risk is mispriced in digital assets.


Timeline:

00:02:05 Quantum Cats

00:04:57 Project Eleven

00:07:33 Project Eleven business case?

00:10:44 What's currently happening in Quantum?

00:18:10 Willow chip

00:25:33 Physical space vs digital space

00:29:10 Wen Quantum unlock?

00:29:56 Error correction

00:34:16 What is a red flag event?

00:38:00 Won't the NSA save us?

00:43:18 Costs of new signature schemes?

00:44:41 Proposals for BTC changes

00:46:31 Old coins, wat do?

00:51:49 Economic actors

00:53:14 Nuking price

00:59:13 Bitcoin vs other blockchains

01:00:46 Block size increase

01:05:56 Quantum money

01:11:04 Timelines


The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.


Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.


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