Alex Pruden: Quantum computing threatens elliptic curve cryptography, urgent need for postmodern cryptography, and the Bitcoin community’s philosophical divide
The post Alex Pruden: Quantum computing threatens elliptic curve cryptography, urgent need for postmodern cryptography, and the Bitcoin community’s philosophical divide appeared on BitcoinEthereumNews.com. Alex Pruden: Quantum computing threatens elliptic curve cryptography, urgent need for postmodern cryptography, and the Bitcoin community’s philosophical divide | Empire Quantum computing’s rapid advancements pose an urgent threat to the security of digital assets and financial systems. Key takeaways Quantum computing is emerging as a significant threat to elliptic curve cryptography, which underpins many cryptographic systems. There is an urgent need to transition to postmodern cryptography to safeguard digital assets from quantum threats. Recent advancements suggest that fewer qubits are needed to break public key cryptography than previously thought. The current cryptographic systems are vulnerable to both quantum computing and AI advancements. Quantum computers could fundamentally