Is Crypto Ready for the New Space Age?

The onus is not just on these large companies but on everyone to start thinking about the foundation of new quantum-secure networks that can leverage quantum entanglement to generate provable random numbers and the next-generation hashing algorithms that will provide secure cryptography for this new computing age. Quantum computing and cryptocurrencies While the implementation of quantum computing may affect nearly every aspect of our lives that touches the digital realm, the largest implications may be for the cryptocurrency industry.

Today, cryptocurrencies’ pseudo-random generation of keys continues to make them susceptible to exploitation by hackers, and quantum computing will only increase the likelihood of predicting software-generated values in the blink of an eye, presenting major security concerns. Considering that 2140 is the year that the last Bitcoin will be mined, that leaves a large window of time for quantum computing to reach the kind of popularity and scale where it can be used to compromise and crash Bitcoin and other cryptocurrencies with a long-feared 51% attack.

Timeline of Bitcoin