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Ripple recently highlighted a warning from Professor Massimiliano Sala, urging the crypto industry to replace current public-key cryptosystems due to vulnerabilities exposed by advancing quantum technology.
Professor Massimiliano Sala Warns Ripple: Quantum Computers Threaten Current Blockchain Encryption Methods
Renowned for his expertise in quantum computing and blockchain technology, Professor Massimiliano Sala of the University of Trento in Italy recently shared his insights with the Ripple team as part of the company's ongoing university lecture series, per Cointelegraph.
During his discussion, Sala highlighted the potential threat quantum computers pose as technology advances. He warned that current encryption methods may prove inadequate, leaving entire blockchains vulnerable to exploitation.
"Quantum computers could easily solve problems that are foundational to digital signatures, thus potentially undermining the mechanisms that protect users' assets on blockchain platforms."
Professor Sala Warns of "Q-day": Quantum Computers Could Bypass Traditional Encryption, Threatening Blockchain and Bitcoin Security
Sala introduced the concept of “Q-day,” a hypothetical scenario where quantum computers become powerful enough to allow malicious actors to bypass traditional encryption systems. This could have catastrophic implications for industries reliant on data security, including Bitcoin and blockchain.
While this would have far-reaching consequences for any industry requiring data security, including emergency services, infrastructure, banking, and defense, it could crush the Bitcoin and blockchain industries.
Sala advises explicitly that "all classical public-key cryptosystems should be replaced with counterparts secure against quantum attacks." The argument is that a future quantum computer or quantum attack algorithm could use mathematical brute force to crack the encryption on these keys.
It is worth noting that Bitcoin, the world's most popular cryptocurrency and blockchain, falls under this category.
While no operational quantum computer can perform such a feat, governments and science organizations worldwide have been planning for Q-day as if it were inevitable; Sala, for his part, believes that such an event may be far away. However, physicists at dozens of academic and industrial institutions have exhibited advancements, leading many in the field to predict such systems will be available within a few years.
Finally, Sala expresses satisfaction with the sector's success and suggests that blockchain developers continue to collaborate with encryption experts who understand the norms and advancements around quantum-proofing modern systems.
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