Quantum Computing Poses a Threat To The Crypto Ecosystem, Says D24 Fintech Group
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…
