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2026-05-03 12:59:44 UTC

Blockchain Report on Nostr: Quantum computing poses a significant, medium-term threat to crypto. Google's latest ...

Quantum computing poses a significant, medium-term threat to crypto. Google's latest research drastically lowers the qubit requirement to break core encryption to ~500k, a 20x decrease. Hashkey Capital's report highlights that Elliptic Curve Cryptography (ECC) signature mechanisms are primary targets, risking transaction interception and asset compromise. Notably, ~6.9M BTC (33% of supply) & many ETH accounts have exposed public keys.

Algorithmic progress is rapid; Hashkey projects "Q-Day" (when quantum computers can break current encryption) between 2028-2035. The biggest hurdle to adopting quantum-resistant cryptography is governance, not tech. Proactive planning & adoption are crucial for safeguarding digital assets & blockchain integrity. Full report available.

#crypto #blockchain #news #BTC #Bitcoin