BlockBeats news, October 16: Justin Sun recently discussed in an interview the potential threat quantum computing poses to the crypto industry, stating, "Mathematics is critical to the crypto industry, and everyone is currently focused on quantum attacks. TRON is actively implementing NIST's post-quantum cryptography standards to enable blockchains to resist quantum attacks. This technology is already live on the testnet and is expected to launch on mainnet as early as early next year."
Many people severely underestimate the destructive power of Quantum Threat Day (Q-Day). Most in the crypto industry have no idea how slow Bitcoin’s network is at reaching consensus. I’ve been part of the Bitcoin community since 2012, and technological progress within the community has been extremely slow. Even if the entire network clearly knew a disaster was certain to occur in two years, achieving consensus and completing an upgrade across the entire Bitcoin network within just two years would be nearly impossible.
Fund managers at large U.S. financial institutions like BlackRock simply haven’t spent enough time studying this issue. In their traditional mindset, it’s like a bug in the iPhone operating system—Apple releases a patch two minutes later, everyone clicks update, and the problem is solved. But the technological evolution of underlying blockchains is entirely different. These institutions have invested tens or even hundreds of billions of dollars, yet they don’t actively participate in Bitcoin’s development, don’t understand the underlying technology, and don’t care how it evolves technically—just as a fund manager who owns Apple stock wouldn’t spend daily time analyzing the底层 iOS system code. Quantum Threat Day will undoubtedly be a massive problem; the market has severely underestimated the potential catastrophic impact Q-Day could have on Bitcoin’s price.