U.S. markets open in 3 hours 52 minutes
  • S&P Futures

    4,459.25
    +13.50 (+0.30%)
     
  • Dow Futures

    34,833.00
    +159.00 (+0.46%)
     
  • Nasdaq Futures

    15,325.00
    +6.25 (+0.04%)
     
  • Russell 2000 Futures

    2,256.90
    +12.90 (+0.57%)
     
  • Crude Oil

    74.99
    +1.01 (+1.37%)
     
  • Gold

    1,751.50
    -0.20 (-0.01%)
     
  • Silver

    22.56
    +0.14 (+0.60%)
     
  • EUR/USD

    1.1704
    -0.0014 (-0.12%)
     
  • 10-Yr Bond

    1.4600
    0.0000 (0.00%)
     
  • Vix

    17.77
    -0.86 (-4.62%)
     
  • GBP/USD

    1.3694
    +0.0013 (+0.10%)
     
  • USD/JPY

    110.9380
    +0.2530 (+0.23%)
     
  • BTC-USD

    43,548.05
    +1,038.33 (+2.44%)
     
  • CMC Crypto 200

    1,086.88
    -16.18 (-1.47%)
     
  • FTSE 100

    7,079.64
    +28.16 (+0.40%)
     
  • Nikkei 225

    30,240.06
    -8.75 (-0.03%)
     

Quantum Defense for Crypto Would Decrease Usability, Study Shows

·1 min read

BeInCrypto –

The adaptations that cryptocurrencies would have to undergo to fend off quantum attacks would decrease their usability.

These are the results of a study conducted by Stephen Homes, Arqit’s chief product officer, and Liqun Chen from the University of Surrey. In the paper, the authors posit that quantum computers could in theory use Shor’s algorithm to break cryptocurrencies’ encryption. They believe this algorithm could break Elliptic Curve Digital Signature Algorithm (ECDSA) signatures, which many cryptocurrencies depend on.

This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto