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Slow Blockchain Governance Leaves Crypto Exposed to Quantum Threats
Slow Blockchain Governance Leaves Crypto Exposed to Quantum Threats
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Quantum computing poses a significant risk to cryptocurrency security, with slow-moving blockchain governance potentially exacerbating vulnerabilities. Colton Dillion, co-founder of Quip Network, warns that the nascent technology—leveraging subatomic particles for calculations—could eventually crack blockchain encryption. While still in development, tech giants like Google and Microsoft are aggressively pursuing quantum advancements.
The silent nature of quantum attacks compounds the threat. "The threat won’t start with Satoshi’s keys getting stolen," Dillion notes, implying attackers will operate covertly. The crypto ecosystem must accelerate quantum-resistant solutions or face existential risks.
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