Mmastodon SciencePhysics first seen 13 h ago, last 55 min ago, peak #7

Report warns quantum computers threaten 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 examines quantum computing risks to cryptocurrencies, concluding that the main threat lies in the public-key cryptography that protects wallets, while blockchains themselves stay secure because they rely on hash functions. The authors say the finding is a general warning for other systems that depend on public-key cryptography, as quantum computers could eventually break widely used encryption methods.

Why now: Growing concern about how quantum computing advances could undermine encryption used across digital security.

quantum computingcryptocurrenciespublic-key cryptographyblockchain

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Evidence

• This report about quantum and cryptocurrencies has also a general warning for other systems, "In summary, the primary quantum risk lies in public-key cryptography used by wallets, not the blockchain itself, which remains secure thanks to hash functions" https://www.… · ErikJonker · 6

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