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Crypto is doomed 💀 @Google believes blockchain will be cracked by quantum science?
@GoogleResearch released a research report today (March 31) stating that they have found a more efficient way to crack cryptocurrency encryption, but they are deliberately not disclosing the details. Why?
Let's take a look together with Coin Research 👇
Project Eleven
@projecteleven
03-31
🚨 Google has sounded the quantum alarm 🚨
Today, they released groundbreaking progress towards breaking crypto using a quantum computer.
TLDR - Existing cryptography is dead. Mempool attacks are real. We must migrate to post-quantum now.
Thread 🧵
What can we do now to prevent this? 💪 Start developing these habits now:
▪️ Don't reuse wallet addresses (use a new address for each transaction)
▪️ Avoid keeping large amounts of funds in old-format addresses for extended periods
▪️ Check if projects have a "post-quantum migration roadmap"
▪️ Check if your wallet supports PQC upgrades
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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