The United States Department of Commerce announced a massive investment of over $2 billion for the industrial development of quantum computing through nine technology companies, highlighting a $1 billion subsidy for IBM. According to the government administration, these funds from the CHIPS program will boost the creation of Anderon, an advanced foundry in New York to scale the production of superconducting quantum chips.
The world is concerned about the so-called “Q-DAY”, the moment when quantum computers will be capable of breaking current cryptographic systems, which is why this strategic measure was implemented. Citi analysts warn that public networks such as Bitcoin and Ethereum face a critical long-term risk, as these emerging technologies could deduce private keys and irreversibly compromise funds starting in 2030.
The next step for the digital asset sector will be to accelerate the migration and implementation of post-quantum security protocols before IBM meets its roadmap for delivering fault-tolerant systems in 2029.
Source: https://goo.su/3zMeF
Disclaimer: Crypto Economy Flash News is prepared from official and verified public sources by our editorial team. Its purpose is to rapidly inform about relevant facts in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We recommend always verifying the official channels of each project before making related decisions.
