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All blockchain networks utilizing public key encryption may be susceptible to quantum computers, which will have the capability to breach them through mathematical brute force techniques.
As part of the Ripple Insights series, a report authored by Massimiliano Sala, a Mathematics Professor at the University of Trento, has been released. This report is a result of Ripple’s collaboration within the University Blockchain Research Initiative (UBRI) program and focuses on blockchain security concerning the advancement of quantum computing.
Dr. Sala indicates that quantum computers represent a potential risk to all current public key cryptosystems, as these encryption techniques can be easily compromised through quantum computing. All user assets on blockchain networks that employ public keys for digital signatures, including Bitcoin, are at risk. The researcher suggests that these systems should transition to quantum-resistant alternatives, as quantum computing will facilitate the cracking of public key encryption using mathematical brute force.
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The current threat remains theoretical, but it will become tangible once quantum computers reach sufficient power and are available in the consumer market. Furthermore, the risk extends beyond the cryptocurrency sector to include the security of any data stored on blockchains utilizing public key encryption.
Presently, there is ongoing research and development in quantum technologies, indicating that computing systems based on these advancements may emerge in the market within a few years. Nevertheless, Dr. Sala expresses satisfaction with the advancements in post-quantum cryptography systems and advises blockchain developers to persist in this area of work.
One prominent figure in the Web3 industry who also highlights the necessity of preparing for the emergence of accessible quantum computers is Vitalik Buterin, Co-Founder of Ethereum.
Сообщение Quantum Computers to Allow Hacking Public Key Cryptosystems появились сначала на CoinsPaid Media.
