‘Like Y2K’: Will Quantum Computing Be the End of Cryptocurrencies?
Everything that currently exists right now will need to be retrofitted. And that is a big, big job. It’s a bit trite to say, but… equate it to the whole Y2K issue…
Everything that currently exists right now will need to be retrofitted. And that is a big, big job. It’s a bit trite to say, but… equate it to the whole Y2K issue…
The Inter-American Development Bank and its innovation laboratory, IDB Lab, together with Cambridge Quantum (CQ) and Tecnológico de Monterrey have identified and resolved potential threats to blockchain networks posed by the advent of quantum computer development. In response to these threats, the project team developed a cryptographic layer that allows blockchain networks to protect themselves from this new generation of computing technologies.