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Crypto Sector Preps Defense Against Quantum Computing Threat

Crypto Sector Preps Defense Against Quantum Computing Threat

The cryptocurrency sector has reportedly begun preparations to defend against quantum computing-related threats.

That’s according to a report Wednesday (July 8) from Reuters, which says this comes as advances in the technology have led to concerns that it could bypass the cryptography protecting crypto transactions and digital wallets.

As Reuters notes, the $2 trillion crypto market already has a history of hacks. Quantum computers, the report said, could exacerbate this problem, as they could be used to unscramble the normal methods of encrypting digital ‌information.

The technology is still mostly experimental, Reuters added, though concerns have grown within the crypto industry in the wake of recent research from 

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