Cardano (CRYPTO: ADA) founder Charles Hoskinson warned that the quantum threat to Bitcoin (CRYPTO: BTC) is arriving faster than anticipated as 11 major companies passed the first gate in DARPA’s quantum benchmarking initiative.
The Timeline Is Accelerating
DARPA brought together 11 companies from IBM to Quantinuum through a three-stage process to determine whether functional quantum computers arrive by 2033 and whether they can break encryption.
Within the next 12 to 24 months, the industry will know if this is a near-horizon problem or something for the 2040s or 2050s.
Ethereum (CRYPTO: ETH) developer Justin Drake previously says there’s at least a 10% chance of quantum computers breaking crypto by 2032.
He recently revised that estimate forward after observing progress in neutral atom computing.
“The quantum threat is …
