Quantum Computing: Your Bitcoin is Vulnerable – Crypto Will Prevail

Quantum Computing Poses a Serious Threat to Bitcoin, but the ecosystem will prevail

Quantum Computing Poses a Serious Threat to Bitcoin, but the ecosystem will prevail

As we have communicated in previous briefings, the advent of quantum computing and the utility behind this technology is an increasing concern for digital asset investors. Thus, the digital asset ecosystem faces three key risks as it maneuvers its way toward a future of quantum coexistence: the vulnerability of modern encryption protocol, lost value protection, and ecosystem disruption. While these risks pose an incredible challenge for crypto to address and overcome, the solutions being derived are shaping up to be the greatest investment opportunity digital asset investors have seen since the birth of Bitcoin. 

Modern Encryption Protocol is Vulnerable

A user’s public key is directly obtainable from their wallet address when transactions take place. If a strong enough quantum computer is utilized, it can quickly decipher the private key through simply knowing the public key. In this case, the world’s most sensitive data, not just Bitcoin, will be vulnerable to security breach. 

According to Deloitte, 25% of Bitcoin’s circulating supply faces the risk of value loss due to future quantum computing advancements. These bitcoins are vulnerable because their owners, who have previously transacted with them, likely lost their private key and cannot reacquire their assets. These lost wallets are at risk of data breach because their initial transaction gives quantum hackers insights into their wallet address, and thus their public key and then private keys. For more information on public and private keys, visit our Digital Asset Investor Guide to Cryptography.

As data emerges as the most valuable asset in the world with our increasingly digitized global infrastructure, enhancing our encryption techniques as quantum computing develops will future-proof the entire universe of data.

Lost Value Protection

The security of digital assets is the underlying value driver of the ecosystem. If the foundation of digital assets – the security that validates their worth – is broken, then the value of the entire crypto ecosystem will be vulnerable if left improperly protected.

Ecosystem Disruption

Once quantum computing’s capabilities arise, the financial freedom that crypto offers will be at risk as investors’ control over their digital assets is threatened, taking credibility away from crypto as both a means transaction and a store of value asset.

Looking to the Future

Naysayers will claim that quantum computing will end crypto. What these cynics hate to acknowledge is crypto’s overwhelming resiliency. Unfortunately for them, the ecosystem has too much momentum to fail. Time and time again, from all time highs to 85% price corrections, the relentless innovation that crypto is founded upon has enabled the ecosystem to bounce back with greater strength, security, and scalability to prove that it is not going anywhere.

The beauty of crypto is that it offers banking for the unbanked, financial freedom for economic instability, and ultimately, hope for the hopeless. Rooted in the vision for a more unified world, crypto’s resiliency will engineer a future of quantum-resistant value protection and financial empowerment.

As revealed on December 7th, Crown Sterling’s quantum-proof encryption solution is pioneering the future of digital asset security. Their application, CrownEncryptOTP, restores confidence to the digital asset community through its integration with the Crown Sterling token, crypto’s first quantum-resistant coin. As Crown Sterling sets a firm foundation for future data security enhancements, the continued effort to protect the world from quantum computing risks will be the greatest investment opportunity of the 21st century, especially for digital asset investors.

By Liam McDonald

Crown Sterling: Digital Asset Encryption’s Quantum-Resistant Solution

Crown Sterling Creates Quantum-Proof Digital Asset Encryption

Over the past few months, we have focused much of our research efforts toward understanding what drives the value of digital assets. Through several months of deep dives, we’ve determined that the underlying value of digital assets is dependent on data security. As we express in our Cryptography Lite Paper and Digital Asset Investor Guide to Cryptography, the next great digital asset investment opportunity lies within the engineering of future-proof encryption solutions that ensure the value protection of the crypto ecosystem.

With the advent of quantum computing, the outdated encryption algorithms that global government, corporate, and financial data rest on are experiencing increasing vulnerability. As cryptography experts have known for years, the only truly unbreakable encryption solution is the one time pad, for which practical use cases had previously been undiscovered, until now. Led by entrepreneur, mathematician, and cryptographer Robert Grant, Crown Sterling has discovered and released an encryption solution that efficiently harnesses the security of one time pads for practical, everyday use. This solution, CrownEncryptOTP, assures future-proof data security even with the continued development of quantum computing, making for what we believe to be the most robust digital asset encryption advancement to date.

Alongside CrownEncryptOTP, Crown Sterling has launched the Crown Sterling token, the world’s first quantum-resistant digital asset. The Crown Sterling coin is a cryptocurrency that embraces the power of CrownEncryptOTP to ensure the timeless protection and value of users’ sensitive data. With one thousand payments per token, users pay for the secure transmission of their data at the market price of three cents per transaction. With this functionality, the Crown Sterling coin shows the digital asset community a clear pathway to a future of indisputable value protection.

As we have committed ourselves to pioneering a future of greater financial freedom, we are cognizant of big tech’s firming grip on society and see it as our duty to empower the world to protect their personal freedom as the line between data sovereignty and self sovereignty becomes increasingly blurred. With the release of their breakthrough technology, Crown Sterling is paving the way for a future where data control is irrevocably granted to individuals themselves, bridging the gap between data and self sovereignty to return true autonomy to individuals.

Providing only the best-in-class education and investment advice for our community, we encourage you to visit www.crownsterling.io to learn more about the cutting edge momentum of the Crown Sterling team and become an early-stage investor in the future of digital assets with the Crown Sterling Token, here: https://www.crownsterling.io/portal-registration

By Liam McDonald