Quantum computing continues to advance rapidly, with many believing that its commercial use is not far away, leading several experts to believe it could pose a serious risk to the crypto industry. Many of today’s leading blockchains are secured by cryptographic methods, which may one day be threatened by quantum computers.

Quantum-powered attacks could begin by slowly siphoning funds from large wallets or lowering the threshold needed to take over a network. According to Colton Dillion, co-founder of Quip Network, a quantum-enabled attacker might only need 26% of network control to compromise a blockchain, far less than the traditional 51% threshold.

Nutan Sharma, Head of Risk at D24 Fintech Group, said, “The crypto industry…