The dry wants to protect us. Although the Trump administration has ending the anti-Crypto war of Gary GenslerSECURITIES AND EXCHANGE Commission (SEC) remains very concerned about the risks linked to digital assets. The new Crypto Assets Task Force of the Commission has just been alerted to the danger of quantum computers for the safety of blockchain networks.
The key points of this article:The SEC has been alerted to the potential threat of quantum computers that could compromise the security of cryptocurrencies.
A document highlighted that these computers could be operational by 2028, causing a possible financial disaster.
Quantum computers could break the safety of Bitcoin and Cryptos
The Crypto Assets Task Force From the Securities and Exchange Commission (SEC) therefore received a research note concerning the risk that quantum computers weigh on cryptocurrencies. In the document entitled Post-Quantum Financial Infrastructure Framework, Daniel Bruno Corveo Costa explains that quantum computers could «Breaking the cryptographic foundations of Bitcoin, Ethereum and the entire digital active ecosystem». However, he continues, there are already « Standards of cryptography resistant to quantum attacks, but blockchain networks do not use them yet ”. And they better get there quickly according to Daniel Bruno Corvelo Costa! Because these famous quantum computers could be «Operational from 2028».
The dry alerts to the risks linked to quantum computers for the crypto
The dry called to act quickly to protect the crypto sector
The document subject to the Crypto Assets Task Force of the SEC explains that advances in the field of Quantum computers could cause a disaster:
«This technology could break the fundamental security which protects thousands of billions of dollars in assets, resulting in systemic risk, catastrophic losses for investors and complete erosion of market trust.»
Daniel Bruno Corveo Costa, Extit du Post-Quantum Financial Infrastructure Framework-Source: sec.gov
And even if these famous computers said quantum are not yet completely there, pirates could already prepare the ground in harvesting encrypted data. They would only have to decipher them when the time comes, when quantum machines are ready. This is called the strategy « Harvest Now, Decrypt Later » (harvest now, decipher later). The proposal of Daniel Bruno Corveo Costa So call for a rapid action against the threat of quantum computers and here are its recommendations: automated assessments of the vulnerability digital active platforms; a prioritization of High risk systems like institutional portfolios and exchanges; Progressive migration to cryptography standards resistant to quantum attacks. This gentleman is not the only one to sound the alarm on the threats posed by quantum technology in the near future. Lately, the Salvador has just made some changes in storage of its bitcoins In order to anticipate this type of problem.