Quantum Threat Looms Over $3 Trillion in Digital Assets

A report by Project Eleven has highlighted the growing threat of quantum computing to digital assets worth over $3 trillion. The organization focuses on post-quantum security and migration for digital assets and has recently collaborated with the Solana Foundation to prepare its network against the threat of quantum computing.

The report emphasizes that not only cryptocurrencies but also banking systems, cloud infrastructure, authentication networks, and military communications are vulnerable to these threats. The same public-key cryptography security used by bitcoin, ether, and stablecoins underpins these systems, making them susceptible to attacks from sufficiently powerful quantum computers.