Binance Chief Security Officer Jimmy Su said current quantum computers cannot break the cryptography protecting major digital assets, including Bitcoin and Ethereum, while warning that the industry needs to prepare before that changes.
Summary
- Binance says quantum computers lack the scale and reliability needed to break cryptocurrency cryptography.
- Google estimates future attacks on 256-bit elliptic curves could require under 500,000 physical qubits eventually.
- NIST has finalized three post-quantum standards and recommends organizations begin migration before cryptographic threats emerge.
- Bitcoin industry firms pledged $15 million over three years to support security and…
