Search results for Project Eleven
Crypto
Charles Hoskinson says quantum computers likely to be commercialised before 2033, need to prepare now
Charles Hoskinson, founder of Cardano (ADA), warned there is more than a 50 percent chance quantum computers will pose a practical threat to cryptocurrencies before 2033. He said the risk should be treated as a near-term technical deadline. Cardano is pushing a shift to lattice-based cryptography and plans to reflect U.S. NIST post-quantum standards, including FIPS 203 to 205. Similar preparations are under way at Solana.
Crypto
Bitcoin post-quantum shift may already be too late; $3 trillion in digital assets exposed to risk
Digital assets worth more than $3 trillion, including bitcoin, could be exposed to theft risk within the next 4 to 7 years, a report warned. Project Eleven, which studies post-quantum security, said quantum computers capable of breaking widely used public-key cryptography could arrive as early as 2030 and no later than 2033. It said systems relying on elliptic-curve signatures could be vulnerable across crypto, finance and digital identity networks.
Crypto
Ethereum 65 percent, Solana 100 percent vulnerable to quantum attacks as \'Q-day\' shock looms
Ethereum and Solana face significant security risks in a future era of quantum computers, an analysis said. Quantum security group Project Eleven assessed that about 65 percent of Ethereum and virtually all of Solana are vulnerable to quantum attacks that could undermine public-key cryptography. It cited risks to Ethereum validator keys and Solana addresses that embed public keys. The Ethereum Foundation and Solana ecosystem developers are preparing post-quantum upgrades, with timelines extending into the next decade.
