The article discusses the potential impact of quantum computing on cryptocurrencies, particularly Bitcoin and XRP. The CTO of Ripple, David Schwartz, believes that while Bitcoin is not quantum-proof, the urgency around the issue is often exaggerated. He compares quantum computing to cold fusion, a technology that has been predicted to be achievable in the future but has not materialized. Schwartz acknowledges the need for cryptocurrencies to address quantum resistance eventually but mentions that the current quantum-safe cryptographic methods are inefficient and difficult to implement. He advises waiting for truly effective quantum-resistant algorithms to emerge. While quantum computing is real, Schwartz does not believe it will be able to break encryption or weaken cryptographic security in the near future. Despite new quantum innovations, such as Google's Willow chip, the technology is not yet advanced enough to crack crypto wallets. However, the industry should stay vigilant and adapt when the time is right.



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