CZ: Here’s What The Crypto Industry Must Do To Defend Against Rising Quantum ...
Following new Google research highlighting an accelerating quantum-computing threat to crypto, former Binance CEO Changpeng Zhao (CZ) weighed in with a pragmatic — if brisk — prescription: upgrade cryptography. In a social media post on X (previously Twitter), the founder of the crypto exchange sought to ease concerns while acknowledging the technical and governance challenges […]
Related News
A technical debate erupted on X after on-chain analyst Willy Woo published what he called a “DUMMIES GUIDE TO BEING QUANTUM SAFE,” urging Bitcoin holders to migrate coins away from Taproot addresses (bc1p) to SegWit bc1q or older P2PKH/P2SH formats and to avoid spending until post-quantum protections are available. How To Make Bitcoin “Quantum-Safe” “In […]
New research shows Bitcoin is facing a discount of about 20% due to the Quantum Computing threat, and it could rise further without an upgrade. Bitcoin Quantum Discount Could Hit 60% By 2028 Capriole Investments founder Charles Edwards has published a new research piece on how the Quantum Computing risk could discount the fair value of […]
Quantum computing is a form of computing based on quantum physics. Where classical computers rely on bits (zeros or ones) to make calculations, quantum computers use quantum bits (qubits) that leverage quantum mechanics to exist in a “superposition”: a combination of zero and one, with some ...
Bitcoin’s quantum risk is real, but the network is not sleepwalking into it. That is the core conclusion of a March 19 research note from Galaxy Digital, which argues that while a sufficiently powerful quantum computer could one day threaten exposed Bitcoin wallets, developers are already doing substantial work on mitigation and migration. Will Owens, […]
“QKD is the only solution that has been mathematically proven to defend against a potential quantum computing-based attack,” JPMorgan emphasized in its announcement. U.S. banking giant JPMorgan Chase has unveiled research on a Quantum Key Distribution (QKD) blockchain network that is resistant to quantum computing attacks.QKD utilizes quantum mechanics and cryptography to enable two parties to exchange secure data and detect and defend against third parties that are attempting to eavesdrop on the exchange. The technology is seen as a viable defense against potential blockchain hacks that....