Is quantum computing a risk to your crypto portfolio?

Imagine walking into your crypto wallet one morning to find your holdings wiped out. It may sound like the stuff of bad science fiction, but quantum computing can turn this fantasy into reality more than you think.

In our latest Cointelegraph video, we outline the fundamentals of quantum computing, why cryptography is at risk, and hear from industry leaders about the timeline for quantum supremacy.

Earlier this month, Google launched its latest quantum chip, Willow—a technological marvel that can solve problems in minutes that would take a standard computer septillion years.

Experts warn that it is only a matter of time before quantum computing technology reaches its potential to crack the elliptic curve cryptography that underpins most cryptocurrencies, including Bitcoin (BTC).

Talos Foundation Executive Director John Lillick warns that “if the attitude – or rather – the trust in the public-private key pair infrastructure is destroyed, things will quickly start to go to zero.”

The danger lies in the evolution of this technology, which makes preparation difficult.

“The problem with exponential processes is that nothing seems to be happening until the end. And then everything happens at once,” explains computer scientist and quantum mechanics Fabrizio Romano Genovese.

But how imminent is this threat? Can quantum computers really crack Bitcoin's encryption in the next few years? In our new video, we examine how close we are to this reality and what you can do to protect your investments.

Watch the full video to learn how to stay ahead of the curve and protect your digital assets before it's too late.