Quantum computing, the stuff of science fiction that many people think of, is very real. We are approaching a world where quantum computers will become ubiquitous, at least in larger organizations and government agencies.
Quantum computers are theorized to be 158 million times faster than the most sophisticated supercomputers we have today. This means that, in effect, a regular quantum computer can easily solve in a matter of minutes the problems of a supercomputer that would take more than 10,000 years.
Several companies, such as Accenture, Google, IBM, Amazon, and many others, are currently working on creating the world’s first quantum computers. And the question is not when someone will develop the first one, but when.
But as much as quantum computing benefits humanity, it will also raise security concerns. Cybercriminals and hackers can use these systems to successfully breach the security of regular computer systems.
So how real is this threat? It sounds impossible because it’s hard to figure out just how powerful quantum computers are. Let’s discuss it.
How quantum computers work and what is quantum computing?
Quantum computing seeks to use the principles and rules of quantum physics in the computer world. This means taking science that works at the atomic and subatomic level and applying it to computers.
Although it is part of the plot of the Marvel Ant-Man movie, it is definitely a true story. We haven’t developed the first quantum computers yet, but many companies are working on them.
But what exactly are quantum computers? As you know, ordinary computers use 1’s and 0’s to store data and information. This technique means it can have either 1s or 0s, so it limits standard computers and even supercomputers.
However, quantum computers operate on quantum bits or qubits. These also consist of 1s and 0s, but you can combine both at the same time, whereas a typical computer can only have one set at a time.
But what does that have to do with security?
The Huge Threat of a Quantum Attack
As you can see, thanks to their unique technology, quantum computers can solve incredibly complex calculations millions of times faster than ordinary computers.
The problem here isn’t that quantum computers can run apps faster or more processes simultaneously. The problem is much more profound.
Quantum computers can solve computations faster, which also means they can easily break modern cryptography standards.
Various cryptography and other modern security solutions, such as those used in many modern blockchains, are almost indestructible. No computer in the world is powerful enough to break cryptographic-based security in a timely manner by solving complex equations or checking millions of possible combinations. It will take thousands of years to do that.
However, quantum computers are powerful enough to process in minutes. And this is no longer just a theory. This is a real threat, and governments and businesses alike are worried and rushing to develop the first quantum computers and security features that can resist quantum attacks.
that much White House announcement President Biden said he was preparing to sign guidelines to advance US initiatives in the realm of quantum information science (QIS) and combat the risk of quantum attacks.
According to their research, such attacks will become a major issue for the first quantum computers to appear in the not-too-distant future. They believe that quantum attacks can break most of the encryption that currently makes the online world secure.
Are you ready to defend against quantum attacks?
None at the moment. Because quantum computers don’t exist yet, nobody is prepared for the threat.
However, many believe that now is the right time to begin the transition to a newer, more secure security system.
This is especially true in the blockchain world, which is already much more secure than the rest of the online world. Due to the nature of blockchains, transitioning to the new standard can be more difficult, so you need to plan accordingly. Organizations in this field must be at the forefront and develop technologies that protect against future quantum attacks.
One of the pioneers here Kwan, a hybrid blockchain platform made to have quantum resistance. It is one of the few projects in the cryptocurrency space whose founders are well aware of the threat posed by quantum attacks.
It takes a long time to prepare and transition to a new security standard, so blockchain projects and other businesses need to start making it a reality. It’s better to be prepared than to be shocked when the first quantum attack strikes. At that point, your system will be defenseless and powerless to stop them.
Disclaimer: This article is provided for informational purposes only. It is not given or used as legal, tax, investment, financial or other advice.