Google has warned that advances in quantum computing could eventually break the elliptic curve cryptography that secures cryptocurrencies. New research suggests these systems may be compromised with fewer resources than previously thought.

Rising Quantum Concerns

Using optimized versions of Shor’s algorithm, a sufficiently powerful quantum computer could break current cryptographic systems more quickly than earlier estimates suggested. While the threat is not immediate, it may be closer to reality than previously believed.

To prepare, Google is urging the crypto industry to transition to post-quantum cryptography (PQC), adopt safer practices such as avoiding wallet address reuse, and…

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