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The Quantum Computing Threat to Crypto
Quantum computing is still developing, but its potential to solve certain problems far faster than conventional computers has raised concerns about the long-term security of cryptographic systems used across crypto. A sufficiently powerful quantum computer could potentially threaten some existing wallet and blockchain security mechanisms. The technology may still be years away from posing a practical threat, but preparing for it could take time. Should the crypto industry start preparing for the quantum era now, or is the threat still too distant?