JUST IN: A new paper authored by Ryan Babbush, Adam Zalcman, Craig Gidney, Michael Broughton, Tanuj Khattar, Hartmut Neven, Thiago Bergamaschi, Justin Drake, and Dan Boneh argues that breaking 256 bit elliptic curve cryptography with quantum computing could require fewer resources than many previously assumed.


The paper warns of specific risks to cryptocurrencies, smart contracts, Proof of Stake, and abandoned assets, and calls for an immediate acceleration of the migration to post quantum cryptography.
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