The post Charles Hoskinson Warns Quantum Computers Could Break Crypto by 2033, “Over 50%” Probability appeared first on Coinpedia Fintech News
Cardano Blockchain Founder Charles Hoskinson says the crypto industry may be running out of time to prepare for the next major technological threat.
Speaking at the Consensus Miami event, Hoskinson warned there is now more than a 50% chance that commercial quantum computing systems capable of breaking current digital security standards could emerge before 2033.
Quantum Computing Isn’t “Future Generation Problem”
Most blockchain networks today, including Bitcoin and many major cryptocurrencies, rely on traditional cryptographic systems to secure wallets, private keys, and transaction signatures.
Hoskinson warned that sufficiently advanced quantum computers could eventually break many of those protections using algorithms powerful enough to solve complex mathematical problems far faster than modern computers.
If that happens
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