Quantum Computing is Coming. Is the Crypto Industry Ready?

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Ethereum / TetherUS (BINANCE:ETHUSDT)

BINANCE:ETHUSDT Ethereum / TetherUS

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A lot of public and private interests are pouring a lot of money into quantum computing right now, and there have been significant breakthroughs in the technology in the last few years that has made it possible for people to start thinking about practical applications. Quantum computers are attempting to crack encryption algorithms such as Elliptic Curve Digital Signature Algorithm (ECDSA) that Bitcoin runs on - putting the entire ecosystem at risk if the emerging technology is successful in becoming commonplace.

A quick look at some of the emerging concepts coming out of research institutions and their potential effects on the crypto market as a whole.

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