ICYMI, three myths were busted: ❌Quantum computing is decades away ✅ Recent breakthroughs have created a tangible timeline for a cryptographically relevant quantum computer (CRQC) ❌Banks and traditional finance are just as exposed as Bitcoin & other cryptonetworks ✅Because cryptocurrencies are self-sovereign, digital signatures are the sole basis of spending authorization, whereas banks have additional security measures and controls. ❌ Quantum computing is bad ✅Quantum computing has enormous potential to revolutionize many fields. Even though it will force a migration away from existing cryptosystems, there will be new opportunities to apply quantum mechanics to create new cryptographic primitives that will define how we secure information & exchange value in the future!
"Quantum computing will be THE seismic event for blockchains in the next 5-10 years" Project 11 CEO @apruden08 and Andrea Rochetto, co-founder of @ephos_io discuss the development of quantum computing, threat model, and how to prepare. Thanks to @usv for hosting!
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