Blockchains and NFTs to become worthless

It has long been speculated that quantum computers would hack blockchains.

This from Bruce Schneier’s email. We all can see this happening in real time.

[2024.05.28] Quantum computers are probably coming, though we don’t know when – and when they arrive, they will, most likely, be able to break our standard public-key cryptography algorithms. In anticipation of this possibility, cryptographers have been working on quantum-resistant public-key algorithms. The National Institute for Standards and Technology (NIST) has been hosting a competition since 2017, and there already are several proposed standards. Most of these are based on lattice problems.

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