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| I used to know a lot more about it but not really anymore. Every Bitcoin address has a 23 digit or something secure pass word. And apparently to decrypt it or gain access to the wallet you’d have to brute force hack it (which is just trying every combination in existence. So for 5 digits when you add up all the letters numbers those 5 digits could be and multiply it all out you get a large number that takes awhile but with xx amount of digits it takes even drastically longer because it’s exponential in nature) and the gist was to do this to one account it’d take essentially forever. Honestly I want to say the analogy was if you take all the computers in existence and brute forced since time began you still wouldn’t hack into it. Making it PRETTY GD SECURE. Essentially the most secure online transacting system. With a fixed supply of “shares”. That’s why other versions came out like lite coin, it’s the same thing but with a smaller requirement for encryption because more than likely that’s plenty secure and doesn’t take as long to verify the transaction.
But just thinking about computers and how far we’ve come. For instance “ The computing power in a modern smartphone surpasses the combined computing power of all the computers used in the historic Apollo 11 moon landing in 1969.”
So I guess I just wouldn’t count out humans abilities to advance tech further than what we currently think possible. | |
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Bitcoin
