🚨 Quantum Computer Breach Could Push $ETH To New ATH!
Chinese researchers claim they've made a major breakthrough in cracking encryption algorithms using quantum computing. Scientists from Shanghai University, led by Wang Chao, said they used a quantum computer to target encryption standards like AES-256, widely used to protect cryptocurrency wallets.
The encryption algorithms targeted — Present, Gift-64, and Rectangle — are core components of AES, considered one of the most secure cryptographic systems in use. Quantum annealing, the technique used in the study, allowed the quantum computer to efficiently find weaknesses by bypassing traditional computational obstacles. Wang's team claims this is the first time a quantum computer has posed a "real and substantial threat" to multiple encryption systems.
Quantum computers could pose a future catastrophic risk to the crypto world, where encrypted wallets could be cracked, exposing massive volumes of funds to theft.
Though this is a major step forward, limitations still exist. Environmental factors, hardware constraints, and the lack of a universal attack algorithm mean that quantum computers aren't yet ready to breach blockchain networks entirely. Moreover, the recent quantum attack didn’t crack specific passcodes, but it came closer than ever before.
Vitalik Buterin has already proposed a safeguard: a hard fork of the blockchain. If quantum threats emerge, the network could implement an upgrade that forces users to download new wallet software, preserving funds and fortifying security.
Are we ready for the quantum leap in computing? Considering Vitalik's recommended solution, Ethereum might be able to make a huge step forward within the next years, so keep an eye on the technical developments.
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