Circle Examines How Crypto And Web3 Ecosystems Are Preparing Blockchains For The Quantum Era
Digital assets firm Circle noted that the rise of quantum computing poses a significant challenge to blockchain technology. According to a recent blog post from stablecoin issuer Circle, experts predict that quantum computers could become powerful enough to compromise blockchain security as early as 2030. This warning underscores the urgency for the Web3 ecosystem to adapt, highlighting vulnerabilities in current cryptographic systems and outlining steps for a secure transition.
Quantum computers leverage principles like superposition and entanglement to perform calculations at speeds unattainable by classical machines. The primary threat comes from Shor’s algorithm, which can efficiently factor large numbers and solve discrete…
