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‘Great quantum migration’ is coming: over $2 trillion in digital assets is at risk in coming years

‘Great quantum migration’ is coming: over $2 trillion in digital assets is at risk in coming years

Watch out crypto-bros—it might be time to start moving assets. Researchers are making progress toward quantum computers powerful enough to undermine the mathematical assumptions that currently protect cryptocurrency and other blockchain-based assets.

Because of this, the industry needs to replace its cryptographic infrastructure before the quantum computers arrive.

“The great quantum migration is going to require the entire digital asset industry to participate,” Christopher Smith, co-founder and CEO of Quantus, a quantum-secure blockchain network.

Quantum computing is a fundamentally different approach to processing information. Traditional computers use bits represented as either 0 or 1, and are physically constrained

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