Quantum Computing Threatens Digital Assets 🚨

Quantum advances seem to be dangerously approaching Bitcoin and Ethereum. Urgent action is needed. The crypto ecosystem could face financial chaos if we stand idly by 🌐

A report to the SEC's Working Group on Crypto Assets highlights this threat. Interesting. Daniel Bruno Corvelo Costa developed the "Post-Quantum Financial Infrastructure Framework." It is a roadmap. It aims to transition to standards that can withstand quantum ⚛️

Trillions at risk. Without proper protection, everything could come crashing down when current methods fail against quantum attacks 💸

The threat is here 🔍

The report does not mince words. Cryptographically relevant quantum computers are already on the horizon. They could destroy the security of enormous amounts of assets. The market would lose all confidence. Catastrophic 📉

I am particularly concerned about "Collect now, decrypt later." The bad actors are already storing encrypted data. They are waiting patiently. The proposal suggests automated vulnerability assessments. It prioritizes critical systems such as institutional wallets 🔐.

There is talk of gradual migration. Something sensible. Combining the classic with the post-quantum while integrating the NIST standards that will arrive in 2024 🔄

The Q day is approaching 🌋

The famous "Q Day" could arrive in 2028. Maybe sooner. Bitcoin developers have already proposed an Improvement called "Post-Quantum Migration and Sunset of Legacy Signatures". Doesn't sound bad 🚀

The idea is to gradually eliminate the current schemes. Nothing radical. First, they would block transfers to vulnerable old addresses. Then, they would freeze all the bitcoins in those addresses. It seems reasonable 🔒

David Carvalho from Naoris Protocol says something alarming. Quantum computing is the most serious threat to Bitcoin so far. Five years or less, according to him ⏱️

The crypto world must prepare. This technological revolution will transform everything. Inevitable. The digital security landscape we know will change forever 🌕