FAQs Frequently Asked Questions
Crypto Report
Your thoughts on quantum computing as risk to BTC?
Q: Your thoughts on quantum computing as risk to BTC?
A: New technologies that can crack existing algorithmic systems have always been met with newer technologies designed to resist such cracks. The same goes for quantum computing with respect to cryptocurrencies. Ethereum is already designing quantum secure systems that are resistant to quantum invasion. NIST has initiated a process to solicit, evaluate, and standardize one or more quantum-resistant public-key cryptographic algorithms.
A: New technologies that can crack existing algorithmic systems have always been met with newer technologies designed to resist such cracks. The same goes for quantum computing with respect to cryptocurrencies. Ethereum is already designing quantum secure systems that are resistant to quantum invasion. NIST has initiated a process to solicit, evaluate, and standardize one or more quantum-resistant public-key cryptographic algorithms.
| First published: | 9 Feb 2022 |
| Last updated: | 9 Feb 2022 |