It might be too late for bitcoin’s quantum migration, Project Eleven report argues
Quantum computing does not only pose a risk to up to $3 trillion in digital assets, it also threatens the security of banking systems, military communications, digital identities and more, Project Eleven’s report warns....
Key takeaways
- 1Project Eleven report warns $3 trillion in digital assets face quantum computing vulnerability within 4-7 years.
- 2Quantum-Day could arrive between 2030-2033, threatening Bitcoin, banking, military communications and cloud infrastructure security.
- 3Bitcoin migration to post-quantum cryptography could take a decade and requires coordinated action across all users and miners.
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Why it matters
Indian retail crypto investors face potential loss of holdings if quantum attacks occur before migration completes. This threatens not just crypto but also banking and financial systems India depends on, making urgent policy coordination essential.
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