According to Cointelegraph, quantum computing may soon threaten the security of cryptocurrencies. Google's latest quantum chip, Willow, can solve problems in minutes that would take ordinary computers trillions of years to solve.
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.