Binance CSO says crypto faces no immediate quantum threat
Binance Chief Security Officer Jimmy Su said current quantum computers cannot break the cryptography protecting major digital assets, including Bitcoin and Ethereum, while warning that the industry needs to prepare before that changes. Su addressed the issue in an Aug. 11 Binance post covering five common questions about quantum computing. Su said “current quantum computers are nowhere near the scale and reliability needed to break the cryptography protecting digital assets.” He described quantum computing as a long term security concern rather than an immediate threat to users. Is quantum computing a real threat to your crypto today? Binances CSO answers five key questions on the real timeline, the real risks, and how Binance is preparing. Google research lowered the estimated quantum resources needed The concern centers on Shors algorithm, which a sufficiently capable quantum computer could use to solve the mathematical problem behind elliptic curve cryptography. In theory, an attacker could derive a private key from an exposed public key and forge transactions. No quantum computer capable of doing that currently exists. Google Quantum AI sharpened the debate in March. Its research estimated that breaking a 256 bit elliptic curve could eventually require fewer than 500,000 physical qubits and take minutes under specified hardware assumptions. That represents









