Following new Google research highlighting an accelerating quantum-computing threat to crypto, former Binance CEO Changpeng Zhao (CZ) weighed in with a pragmatic — if brisk — prescription: upgrade cryptography. In a social media post on X (previously Twitte…
CZ: Here’s What The Crypto Industry Must Do To Defend Against Rising Quantum Computing Threat
Google research revealed that quantum computing could break widely used cryptographic algorithms in cryptocurrency and blockchain systems. Changpeng Zhao (CZ) urged the crypto industry to proactively upgrade cryptographic standards to mitigate this future threat. The impact is severe, as current systems like Bitcoin, Ethereum, and major exchanges rely on vulnerable ECDSA and SHA-256 algorithms.