The cryptocurrency sector is beginning to take the emerging threat of quantum computing more seriously as rapid technological progress raises fears that future quantum machines could eventually defeat the encryption protecting digital wallets and blockchain transactions.

Unlike conventional computers, quantum systems are designed to process highly complex mathematical calculations at extraordinary speed. That capability could eventually allow them to crack the cryptographic methods that secure digital assets, posing a significant challenge for the global cryptocurrency market, now valued at around $2 trillion. Blockchain networks still rely on cryptographic techniques…