As excitement around cryptocurrencies continues to grow, a leading Israeli blockchain expert is warning that a technological breakthrough could one day pose an existential threat to Bitcoin and other digital assets.
Eli Ben-Sasson, a mathematician and the co-founder and CEO of StarkWare, said the rapid progress toward practical quantum computing should be treated as a looming systemic risk for today’s cryptographic systems. He compared the current state of the crypto market to passengers celebrating aboard the Titanic while an iceberg looms ahead — visible, massive and potentially catastrophic.
At the heart of the concern is quantum computing’s theoretical ability to break widely used encryption methods. Bitcoin wallets and much of…
