See original
Binance News
--
Quantum computing threatens cryptocurrency security, experts warn of need for preparation
According to Cointelegraph, quantum computing may soon threaten the security of cryptocurrencies. Google's latest quantum chip Willow can solve problems that would take ordinary computers trillions of years to solve in just a few minutes.
Experts warn that quantum computing technology may soon crack elliptic curve encryption, which poses a threat to most cryptocurrencies including Bitcoin. John Lilic, executive director of the Talos Foundation, said that once the confidence in the public and private key infrastructure is destroyed, the consequences will be very serious.
Computer scientist Fabrizio Romano Genovese noted that the exponential development of quantum technology makes it difficult to prepare. Understanding how to protect digital assets is crucial.
Experts warn that quantum computing technology may soon crack elliptic curve encryption, which poses a threat to most cryptocurrencies including Bitcoin. John Lilic, executive director of the Talos Foundation, said that once the confidence in the public and private key infrastructure is destroyed, the consequences will be very serious.
Computer scientist Fabrizio Romano Genovese noted that the exponential development of quantum technology makes it difficult to prepare. Understanding how to protect digital assets is crucial.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0