Quantum computing could upend existing assumptions about the security of the blockchain.
In the wrong hands, sophisticated attackers could seize cryptos directly from a wallet, or even as they are traded from one wallet to another.
While the technology is not yet ready for this, we must prepare now to mitigate the threats of the future.
In this video, we discuss possible threats quantum computers could pose the Bitcoin & Ethereum networks, as well as other blockchains.
Timestamps:
00:00 – Intro
00:28 – What does Quantum Computing Mean for Blockchain?
05:04 – The Storage Attack
06:20 – The Transit Attack
07:15 – Mitigating Quantum Computing Threats
08:20 – Thoughts & Analysis
11:20 – Final Thoughts / Outro
Source:
https://www.weforum.org/agenda/2022/04/could-quantum-computers-steal-the-bitcoins-straight-out-of-your-wallet/