Bitcoin’s private keys won’t be breached any time soon, but the industry still needs to transition to “post-quantum cryptography.” 

Please Follow us on Gab, Minds, Telegram, Rumble, GETTR, Truth Social, Twitter  

A report that Chinese researchers have employed a D-Wave quantum computer to breach encryption algorithms used to secure bank accounts, top-secret military data and crypto wallets is, at first glance, a matter of deep concern. 

“This is the first time that a real quantum computer has posed a real and substantial threat to multiple full-scale SPN [substitution-permutation network] structured algorithms in use today,” wrote Shanghai University scientists in a peer-reviewed paper, according to an Oct. 11 report in the South China Morning Post (SCMP).

The paper talks about breaking RSA (Rivest-Shamir-Adleman) encryption, one of the oldest and most widely used public-key cryptosystems.

To read more visit CoinTelegraph.

‘NO AD’ subscription for CDM!  Sign up here and support real investigative journalism and help save the republic!‘