Quantum computing threatens to break Bitcoin’s elliptic curve cryptography

A July 15 report by global consulting firm Capgemini warns that public-key cryptographic systems, including RSA and elliptic curve cryptography (ECC), may be rendered obsolete by quantum machines in the near future. These are the algorithms that Bitcoin and other blockchains use to secure wallet addresses and authenticate transactions. Capgemini’s analysis does not specifically mention […]

Source: cryptopolitan.com (Read Full Article)