Protecting Cryptos In the Era of Quantum Computing

Quantum technology could help address problems too challenging for today’s powerful supercomputers. It could cut the research and development time and costs for a plethora of complex technical, engineering and medical issues.

Despite many reasons to be excited by these developments, there are reasons to be concerned too. There is a dark side.

A question moving forward is how to protect ourselves from their potential disaster? Some blockchain creators and crypto security groups have started preparing. But will they move fast enough?

Like Y2K, there are reasons to think the coming quantum-computing revolution won’t destroy the hopes of a decentralized world built on the blockchain. The National Institute of Standards and Technology in the United States is already considering 69 potential new methods for “post-quantum cryptography.”

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