5 New Risks to Ethereum Just Surfaced. Is The Coin Still a Buy?

Research indicates quantum computers may be able to break the public-key encryption protecting most cryptocurrencies sooner than anticipated, creating immediate security risk for private keys, wallets and exchange custody. The finding increases the urgency for industry-wide migration to quantum-resistant cryptography and could trigger material market disruption and loss of confidence in crypto assets if not mitigated.

Analysis

Research indicates quantum computers may be able to break the public-key encryption protecting most cryptocurrencies sooner than anticipated, creating immediate security risk for private keys, wallets and exchange custody. The finding increases the urgency for industry-wide migration to quantum-resistant cryptography and could trigger material market disruption and loss of confidence in crypto assets if not mitigated.