lockchain has quickly become one of the most disruptive technologies of the 21stNS Century, but with the continuous improvements in quantum computing, the fundamentals of technology are beginning to falter.

Blockchain, cryptocurrencies, NFTs and decentralized finance have become popular terms, with blockchain being hailed today as an extremely secure and much faster method of recording transactions due to the computationally intensive attempts to crack them. Both companies and people have invested endless amounts of capital in the technology by buying cryptocurrencies or developing their own currency or investment chains.

But is this $ 2.7 trillion market really future-proof and secure in a dynamic cyber environment?

With every innovation in quantum computing, the threat to the blockchain increases.

There are two main problems that technology is facing. The first is the reliance on a form of encryption known as public key cryptography. and second, its reliance on some kind of algorithm called …


Source link

Leave a Reply