Vitalik's warning that "quantum computing will crack encryption algorithms by 2028" has sparked heated debate in the community; research progress is key.

According to Mars Finance, on November 20th, Vitalik Buterin warned at the Devconnect conference that quantum computing could break elliptic curve cryptography before the 2028 US presidential election. This statement sparked heated debate within the community: Crypto KOL Charles Edwards stated that mainstream experts are assessing the risk of quantum computing impacting Bitcoin in advance, a point corroborated by Vitalik's three-year prediction. The crypto industry can no longer ignore this risk. Physics expert David M. Antonelli countered, stating that even the most optimistic predictions (IBM, Google, Quantum) anticipate only a few thousand physical qubits, not millions of logical qubits, by 2030. Furthermore, Tom Lee also shared reports related to Vitalik's warning about the "threat of quantum computing to cryptographic algorithms." While the realization of quantum computing's threat to the crypto industry by 2028 is debatable, the community generally agrees that based on the current pace of research progress, quantum computing will indeed threaten cryptographic algorithms in the foreseeable future.