We already knew Shor’s algorithm could break today’s encryption. That was over 30 years ago.
As quantum computing advances, so does interest in how to run more efficient algos.
Thankfully, NIST has released new methods which can protect against this looming threat.
Now the question becomes how quickly can systems upgrade, and what are the major impacts.
One thing is certain, innovation is coming at us from all angles.
Some have dismissed this. Vitalik outlined an emergency plan. Big companies like Apple, Google, IBM have already been preparing and implementing.
Old school thinking is there is plenty of time, or that crypto is the least of our worries.
Well the more important systems will have upgraded, leaving crypto vulnerable. And it’s an easy target because old/lost wallets can be sniped silently.
This will shake up the space as some will be left behind.
submitted by /u/Original-Assistant-8
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