Gate News message. On March 31, Google’s Quantum AI team, in its latest blog post, stated that the ECDLP-256 protocol underlying most blockchain technologies and cryptocurrencies has security vulnerabilities. Although viable solutions such as post-quantum cryptography (PQC) already exist, implementation takes time, and the urgency of actions to migrate to quantum-resistant cryptography is increasing. Google has set 2029 as the timeline for quantum-resistant cryptographic migration and is working with organizations including a certain institution, the Stanford Blockchain Research Center, and the Ethereum Foundation to advance the related efforts.
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