BlackRock Says That Bitcoin Has Advantage Against Quantum

BlackRock, the world’s biggest asset manager, has chimed in on the crypto-quantum debate — and is surprisingly optimistic.

The firm, which manages over $15 trillion in assets, said in its new report, Quantum Computing and Blockchains, that upgrading existing cryptography to quantum-resistant standards is a far easier task than actually building a functional quantum computer capable of breaking that cryptography. 

“In our view, PQ migration for cryptocurrencies is eminently addressable from a technical

standpoint, and the key challenge is one of timely coordination and implementation,” the report read. 

The crypto community has sounded the alarm about hypothetical…

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