Changpeng Zhao: Quantum computing could undermine existing encryption mechanisms; Bitcoin may need to fork to respond

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Gate News message, April 10, Zhao Changpeng said in an interview with TBPN that the development of quantum computing technology could pose a threat to the security mechanisms of existing cryptocurrencies. Bitcoin may need to upgrade via a fork to adopt post-quantum cryptography technology. Zhao Changpeng noted that quantum computing may be able to break the current encryption mechanisms, but as quantum technology evolves, new encryption algorithms will also emerge in parallel. He said that there are already post-quantum cryptography algorithms in the market today, and quantum computers do not have a clear advantage in cracking these algorithms. Therefore, cryptocurrencies only need to upgrade the underlying protocol and adopt these new encryption mechanisms to address the potential risks brought by quantum computing.

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