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Mmastodon SciencePhysics first seen 1 d ago, last 1 h ago, peak #7

Report warns quantum computing threatens crypto wallets, not blockchains

Original: This report about quantum and cryptocurrencies has also a general warning for other systems, "In summary, the primary qu

A new report on quantum computing and cryptocurrencies concludes that the primary quantum risk lies in the public-key cryptography used to secure wallets, while blockchains themselves remain secure because they rely on hash functions. The report also carries a broader warning for other systems that depend on public-key cryptography, as quantum computers advance toward breaking current encryption standards.

Why now: Quantum computing progress is raising fresh concerns about the future security of encryption worldwide.

quantum computingcryptocurrenciespublic-key cryptographyblockchain

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