Meta warns of looming ‘quantum apocalypse’ for modern encryption, cryptography standards

Article mentions “They added that ensuring the protection of asymmetric cryptography used by blockchain technology has become a top priority for the firm in recent months.”

At first I thought this meant Meta was going to help blockchains solve this risk.

But I think the author is simply pointing out this top priority for Meta is exactly the main weakness crypto needs to solve now.

Still a lot of resistance among top coins to actively tackling this.

At least Vitalik proposed an emergency plan a few months back.

But I say why not have a real plan, and build it.

There are advanced algos that were approved and released by NIST that protect against this.

Clearly major companies and government are racing to get this done.

And yes, all systems are going to upgrade.

It’s not simple or easy. It won’t be backward compatible. There will be trade offs. Decisions need to be agreed upon.

But people will appreciate a plan and to see progress here no matter how small they may think the immediate risk may be.

I’ll just remind people quantum scaling is advancing with many innovations, billions in investment, and they are finding more efficient ways to crack today’s encryption.

Estimates of when we would be at risk used to be based only on Shor’s algo from 30 years ago… and a linear view of how quantum computing could scale to run it. A lot has changed the last 5 years.