If you are worried about DeFi’s war with cyber-hackers and the cyber-marauders at the gates of Web3, take a deep breath. Quantum computing is coming and could render today’s digital cryptography used in DeFi and Web3 useless.
The emerging generation of quantum computers currently under development will have the potential to hack Web3, very quickly. The cybersecurity and financial consequences of this could be unprecedented. The solutions are not straightforward and forthcoming and require complex work and most importantly, community consensus.
The Next Generation Of Computing - Quantum
Quantum computing is the next generation of computing machines and techniques that are very different from current computers, known in the jargon as classical computers. Quantum computers are more powerful for certain calculations. This means that calculations that would take thousands of years on today’s supercomputers are accomplished instantly by quantum ones.
Amongst these calculations are very useful applications like simulating drugs and their effect in organisms over time avoiding lab tests, financial forecasting and better predicting market behaviors to better avoid crises, and many innovations across business and society.
Nevertheless, the most attractive application to cyber-criminals and the most concerning to society, is the capacity of these computers to hack the current cryptography of the Internet, telecommunications, and blockchain networks, jeopardizing our Web3 identities, digital assets, and their stores of value.
What Makes Quantum Computers So Different And Powerful?
Today’s classical computers are binary because their basic units of information are bits which can be either in a 0 or 1 value. The equivalent in quantum computing is quantum bits, or qubits, a basic unit of information. Qubits leverage two phenomena from quantum physics: entanglement, and superposition, and are used to do parallel computing exponentially faster than a classical binary computer.
Continue reading: https://www.forbes.com/sites/lawrencewintermeyer/2022/11/03/the-silent-quantum-threat-to-web3-cyber-resilience/?sh=594d51872274
The emerging generation of quantum computers currently under development will have the potential to hack Web3, very quickly. The cybersecurity and financial consequences of this could be unprecedented. The solutions are not straightforward and forthcoming and require complex work and most importantly, community consensus.
The Next Generation Of Computing - Quantum
Quantum computing is the next generation of computing machines and techniques that are very different from current computers, known in the jargon as classical computers. Quantum computers are more powerful for certain calculations. This means that calculations that would take thousands of years on today’s supercomputers are accomplished instantly by quantum ones.
Amongst these calculations are very useful applications like simulating drugs and their effect in organisms over time avoiding lab tests, financial forecasting and better predicting market behaviors to better avoid crises, and many innovations across business and society.
Nevertheless, the most attractive application to cyber-criminals and the most concerning to society, is the capacity of these computers to hack the current cryptography of the Internet, telecommunications, and blockchain networks, jeopardizing our Web3 identities, digital assets, and their stores of value.
What Makes Quantum Computers So Different And Powerful?
Today’s classical computers are binary because their basic units of information are bits which can be either in a 0 or 1 value. The equivalent in quantum computing is quantum bits, or qubits, a basic unit of information. Qubits leverage two phenomena from quantum physics: entanglement, and superposition, and are used to do parallel computing exponentially faster than a classical binary computer.
Continue reading: https://www.forbes.com/sites/lawrencewintermeyer/2022/11/03/the-silent-quantum-threat-to-web3-cyber-resilience/?sh=594d51872274
