The Quantum Reckoning: Why Bitcoin, Ethereum, and Traditional Blockchain Systems Are DOOMED!
Quantum computing, with its rapid advancements, poses a severe existential threat to blockchain systems such as Bitcoin and Ethereum. These digital assets rely heavily on encryption methodologies that remain secure against classical computers but become increasingly vulnerable as quantum computing evolves. Bitcoin and Ethereum primarily depend on elliptic curve cryptography (ECC) to secure transactions. Quantum computers, however, can leverage Shor's algorithm to solve ECC's underlying discrete logarithm problem effectively. This capability would allow quantum-equipped attackers to extract private keys from public