QRL Emerges as the Post-Quantum Standard as BlackRock Warns of Quantum Threat to Bitcoin and Ethereum
- BlackRock warned on May 9, 2025, that quantum computing threatens the cryptographic security of Bitcoin and Ethereum assets.
- This warning followed significant quantum advances including Google's Willow in December 2024 and Microsoft's Majorana 1 scaling to one million qubits in February 2025.
- Google Quantum AI lowered the threshold to break RSA-2048 encryption to under one million qubits in a May 23 blog, highlighting rising risks to current cryptography.
- In the first quarter of 2025, funding for quantum computing exceeded $1 billion, more than twice the total amount invested throughout 2024, highlighting the industry's progression from theoretical research to practical application.
- The increasing quantum threat implies that all blockchains existing by 2035 must adopt post-quantum security, with projects like QRL using audited, open-source cryptography designed for this purpose.
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QRL Emerges as the Post-Quantum Standard as BlackRock Warns of Quantum Threat to Bitcoin and Ethereum
ZUG, Switzerland, June 5, 2025 /PRNewswire/ -- The blockchain ecosystem was put on notice on May 9, 2025, when BlackRock flagged quantum computing as a critical risk to the cryptographic integrity of Bitcoin (IBIT) and Ethereum (ETHA) assets, warning that…
BlackRock warns that quantum computing is coming for your crypto
BlackRock Inc (NYSE: BLK), the world’s largest asset manager, is the latest in a series of voices to warn about the existential danger that quantum computing poses to the cryptographic integrity of cryptocurrencies like Bitcoin and Ethereum. It warned early last month that advancements in the field could have dire consequences for shareholders. This warning comes shortly after significant breaththroughs in quantum technology, which includes Goog…
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