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Expert warns crypto faces industry-wide quantum threat
After announcing a 2029 target for migration to post-quantum cryptography (PQC), Google issues a new warning that a quantum system could attack a Bitcoin (BTC) transaction in about nine minutes. The tech giant warned it won't happen today but it's a possibility one should be prepared for sooner than later. Cryptocurrencies are virtual currencies that rely on cryptography to encrypt or conceal sensitive financial details from those other than transacting parties. Though the most powerful supercomputers active today will take thousands of years to decrypt cryptography, the cryptocurrency community fears quantum ... (full story)
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