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Crypto firms prepare defenses as quantum threat to encryption draws nearer

Crypto firms are planning post-quantum upgrades as Google warns encryption-breaking machines could arrive by 2029, raising costs and infrastructure changes.

NEW YORK, July 8 : The cryptocurrency industry is starting to prepare for the threat of quantum computing as recent advances fuel concerns that the technology could soon be able to crack the cryptography that protects transactions and digital wallets. Quantum computers can solve complex mathematical problems

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ReutersReuters
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Crypto firms prepare defenses as quantum threat to encryption draws nearer

The cryptocurrency industry is starting to prepare for the threat of quantum computing as recent advances fuel concerns that the technology could soon be able to crack the cryptography that protects transactions ​and digital wallets.

·New York, United States
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Conventional encryption methods used in cryptocurrency transactions are vulnerable to emerging technology. The post Why quantum computers are an “existential threat” to cryptocurrencies appeared first on in.gr.

·Greece
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Channel News Asia broke the news in Singapore, Singapore on Wednesday, July 8, 2026.
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