The race to transition online security protocols to ones that can’t be cracked by a quantum computer is already on. The algorithms that are commonly used today to protect data online—RSA and elliptic curve cryptography—are uncrackable by supercomputers, but a large enough quantum computer would make quick work of them. There are algorithms secure enough to be out of reach for both classical and fu...
The Google Quantum AI whitepaper serves as a critical inflection point in the cryptographic arms race, forcing industries to confront the looming threat of quantum computing. The strongest version of this narrative is that it provides a necessary wake-up call, accelerating preparations for a future where current encryption standards are obsolete. The market reaction—Algorand’s price surge—demonstrates how financial systems are already pricing in quantum risks, even if the technology remains year...