The post Vitalik Buterin Warns, Quantum Computers Could Break Crypto by 2040 appeared first on Coinpedia Fintech News

Ethereum co-founder Vitalik Buterin has raised fresh concerns about the future of cryptography in the age of quantum computing. Vitalik warns that quantum computers could break today’s cryptography by around 2040, with roughly a 20% chance that this could happen before 2030.

Why Quantum Matters for Crypto

Cryptography isn’t just about passwords or private emails, it secures the entire digital economy. From online banking to cryptocurrency wallets and smart contracts, all rely on algorithms designed to resist attacks from classical computers. 

A powerful quantum machine could, however, crack these defenses far faster, putting everything from financial assets to personal data at risk.

Ian Miers Raises the Concern of Soundness

Ian Miers explained that the real issue isn’t just the possibility of a future attacker decrypting old data. Instead, the deeper concern is soundness, ensuring that cryptographic systems, including blockchains, remain trustworthy even against the power of quantum computing.