Quantum Computing Threatens Bitcoin and Ethereum Security, Mysten Labs Warns
TLDR Bitcoin and Ethereum use ECDSA encryption, which quantum computers could break using Shor’s Algorithm by 2030, allowing attackers to reverse-engineer private keys from public blockchain data. Mysten Labs warns that quantum algorithms pose serious risks to blockchains, while networks like Solana, Sui, and Near using EdDSA are better positioned to resist quantum threats. Upgrading [.] The post Quantum Computing Threatens Bitcoin and Ethereum Security, Mysten Labs Warns appeared first on CoinCentral.