Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»With quantum computing on the horizon, a new cryptocurrency coalition prepares for life on the other side.
ETHEREUM NEWS

With quantum computing on the horizon, a new cryptocurrency coalition prepares for life on the other side.

By Crypto FlexsFebruary 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
With quantum computing on the horizon, a new cryptocurrency coalition prepares for life on the other side.
Share
Facebook Twitter LinkedIn Pinterest Email

To stay ahead of unknown and unpredictable risks, the Linux Foundation believes that quantum computing technology can be used to improve IT infrastructure, finance, systems and national security.

Founding members include tech giants Amazon Web Services, Google, IBM, and NVIDIA, as well as cybersecurity companies and research institutes.

“As quantum computing advances rapidly, the need for strong cryptographic solutions that can withstand future cryptographic-related quantum computer attacks has become paramount,” Jim Zemlin, executive director of the Linux Foundation, said in a press release Tuesday. He said.

The coalition includes industry leaders, academic institutions, and developers who must prepare cryptographic systems for the emergence of quantum processors powerful enough to break current cryptographic standards.

Quantum computers leverage the strange properties of subatomic particles to perform calculations exponentially faster than classical computers. Although still in the early stages of development, quantum systems are expected to advance at a pace that outpaces the cryptographic upgrades needed to keep sensitive data locked away.

The goal of the alliance is to accelerate the transition to “post-quantum” cryptography. That means a new encryption method that is secure against code-cracking quantum algorithms. The alliance is committed to developing open source software implementations, starting with the recently standardized ML-KEM algorithm, to drive adoption across sectors and industries.

“IBM has already played a key role in driving the development and adoption of post-quantum cryptography, and industry collaboration will be key as quantum technologies advance rapidly,” IBM fellow Ray Harishankar said in the announcement.

Quantum Computing and Cryptocurrency

PQCA’s mission has become more urgent given the continued growth and institutional acceptance of cryptocurrencies, such as Bitcoin, which rely heavily on cryptographic security to authenticate transactions on decentralized networks.

Research suggests Bitcoin’s encryption will be largely impervious to quantum brute force attacks in the short term, and calculations from the University of Sussex show that cracking complex encryption keys would require quantum computers millions of times more advanced than classical systems .

However, experts believe that sufficiently powerful quantum computers could emerge within the next decade. The Linux Foundation initiative indicates that IT infrastructure as a whole is unprepared for this potential crypto cataclysm.

“The necessary transition to post-quantum encryption represents one of the largest and most complex technology migrations of the digital age,” said Jon Felten, senior director at Cisco, another alliance member.

The alliance builds on years of research into quantum-resistant cryptography, much of which originated at the University of Waterloo, home of the Institute for Quantum Computing and birthplace of Open Quantum Safe, PQCA’s first hosted project. .

“The important work of University of Waterloo researchers Michele Mosca and Douglas Stebila since launching the open source project 10 years ago will have a significant impact on post-quantum technologies and data security for industry and customers,” said Managing Director Norbert Lütkenhaus. of the Quantum Computing Lab.

editor: Ryan Ozawa.

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Devcon 8 will be launched in Mumbai, India in November 2026.

December 25, 2025

Marshall Islands tests cryptocurrency for universal basic income amid cash and bank shortages.

December 21, 2025

Bitcoin falls along with Ether and XRP as the market tests the $3 trillion bottom.

December 17, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin price limited due to Maco condition changes, not whale sales

December 26, 2025

With the collapse of TerraUSD again in the spotlight, Do-Kwon Kwon faces sentencing in New York.

December 26, 2025

Bitcoin price weakened further, and further losses are now incurred.

December 26, 2025

Phemex Upgrades RPI Ecosystem, Setting New Liquidity Benchmarks Across 210+ Pairs

December 26, 2025

Trust Wallet announces $7 million refund for browser extension hack, Zhao confirms

December 26, 2025

Can artificial intelligence predict cryptocurrency prices?

December 25, 2025

Devcon 8 will be launched in Mumbai, India in November 2026.

December 25, 2025

The whale strike trapped Solana in the $122-$145 range. What’s next for SOL?

December 25, 2025

Arizona Lawmaker Proposes Tax Ban on Cryptocurrency and Blockchain

December 24, 2025

THORChain Launches Native Cross-Chain Swap Interface In Public Beta

December 23, 2025

Hyperliquid price regained $25 as whales look to buy more HYPE.

December 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin price limited due to Maco condition changes, not whale sales

December 26, 2025

With the collapse of TerraUSD again in the spotlight, Do-Kwon Kwon faces sentencing in New York.

December 26, 2025

Bitcoin price weakened further, and further losses are now incurred.

December 26, 2025
Most Popular

Mastermind of Solana Memecoin protocol Pump.fun exploit arrested in London.

May 20, 2024

Hong Kong Monetary Authority Reports Successful Yuan Banknote Bidding

December 18, 2024

Co-founder Euler reflects on the $195 million hack and how DeFi protocols are becoming more powerful.

April 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.