Project Eleven warns quantum moment could hit ‘all at once,’ pegs Q-Day as early as 2030
The Block
Project Eleven warns that quantum computers could break modern encryption as early as 2030, necessitating urgent upgrades to protect assets.Summary
A new report from Project Eleven suggests that the moment quantum computers break modern encryption, known as "Q-Day," may arrive as early as 2030. The firm argues that quantum advancements will occur in sudden, compounding leaps rather than a linear progression, potentially leaving critical systems vulnerable. With billions of dollars in Bitcoin potentially at risk, the report emphasizes the urgency of transitioning to quantum-resistant cryptography, highlighting initiatives like BIP-361 and efforts by tech leaders like Google to prepare for this looming threat.
(Source：The Block)