Quantum computer ‘threat’ to crypto is exaggerated — For now
Bitcoin’s private keys won’t be breached any time soon. But the industry still needs to transition to a “post-quantum cryptography.” Go to Source
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AI-coded smart contracts may be flawed, could ‘fail miserably’ when attacked: CertiK
CertiK’s security chief thinks inexperienced programmers using AI tools such as ChatGPT to write smart contracts is a recipe for disaster. Go to Source
Chinese Researchers Claim Success in Breaking RSA Encryption With Quantum Computer, Experts Debate Veracity of Discovery
According to reports circulating on the web, 24 Chinese researchers have reportedly succeeded in breaking RSA encryption using a quantum computer. This would be a significant achievement, as RSA encryption is widely used in current security practices. However, a number of experts, computer scientists, and cryptographers do not believe the researchers have made a significant … Read more
Quantum computers may soon breach blockchain cryptography: Report
Cryptography experts are somewhat skeptical of the technique’s scalability, but aren’t ruling out the possibility of success either. Go to Source Powered by WPeMatico
Ethereum Will Have a Quantum-proof Wallet in the Form of Enclave
In the cryptocurrency industry, there is always demand for safe and secure wallet solutions. EnQlave positions itself as the “quantum safe for crypto assets”, but it remains to be seen if they can live up to those expectations. Crypto and blockchain enthusiasts are concerned about the era of quantum computing. EnQlave Aims to be Quantum-proof … Read more
Why Quantum Computing’s Threat to Crypto May Be Further out Than Previously Thought
According to one researcher, quantum computing faces more hurdles than many realize when it comes to achieving viability in breaking encryption. In a recent report Dr. Subhash Kak, Regents Professor of Electrical and Computer Engineering at Oklahoma State University, notes that there are issues such as “noise” and error correction that render the buzz about … Read more
Is Crypto Ready for the New Space Age?
How could quantum computing technology affect the cryptocurrency industry? Go to Source Powered by WPeMatico
What Google’s Quantum Breakthrough Means for Blockchain Cryptography
We’ve been warned for years that a quantum computing breakthrough is just around the corner. When that day comes, we’re told, it could render existing encryption standards obsolete, threatening the security of every major blockchain. It seems that day has finally arrived, with Google achieving “quantum supremacy.” Impressive as the feat is, however, it doesn’t … Read more
No, IBM’s Quantum Computer Won’t Break Bitcoin
IBM recently unveiled its Q System One at the Consumer Electronics Show (CES) 2019, with the company describing the quantum computer as being developed for “commercial use.” Despite numerous media outlets again decrying the imminent death of Bitcoin, IBM’s quantum system is not the game-changer that many are heralding it to be. Also Read: Japanese Regulator … Read more
New Crypto Exchanges Launch in South Korea Despite Lack of Fiat Deposits
A number of new cryptocurrency exchanges are launching in South Korea despite being unable to provide full service due to regulatory challenges. Since the Korean government enforced the real-name system on cryptocurrency accounts, banks have only been providing fiat deposit services to the country’s four largest crypto exchanges. Also read: Japan’s DMM Bitcoin Exchange Opens for … Read more
