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Could quantum computers kill cryptocurrency?

Updated: Dec 8, 2021

“Satoshi Nakamoto chose elliptic curve encryption based on the fact that was the best available at the time,” he continued, “but with the advent of quantum system and technologies, the encryption holding this together is vulnerable to attack.”

Aiming to help stave off disaster, Kaz has joined ‘next generation quantum assets’ firm Quantum Assets (QA) to launch QA tokens on the Binance Smart Chain.

Users holding QA tokens can swap them for quantum-safe cryptocurrency holdings as they are generated, using a Kaz Quantum Bitcoin Mainnet that, Kazacos says, will bypass the vulnerabilities of conventional crypto by tapping quantum electron tunnelling to generate completely random encryption keys.

“We’re effectively fighting fire with fire,” Kazacos explained, “by using something completely random in its functioning.”

The QA system will enable swapping of cryptocurrency for Quantum BTC and Quantum ETH cryptocurrency holdings, which Kazacos says use the quantum-generated encryption keys to provide cryptocurrency that will resist attacks by increasingly powerful quantum computers. Read the full article to learn more.

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