Overlooking Quantum Risks in CBDC Development is Dangerous
In the digital age, where technology leaps borders and connects the whole globe, the idea of Central Bank Digital Currencies (CBDCs) is catching on like wildfire It's a hot topic, not just in the tech circles but also among policymakers and financial aficionados The concept is groundbreaking, promising to revolutionize the way we transact by introducing a digital form of a country's currency, centrally regulated by its central bank But here’s the kicker – while we're all caught up in the potential benefits, there’s a giant elephant in the room we're seemingly overlooking: the vulnerability of CBDCs to quantum computing attacks So, let's dive into understanding this predicament and why it's crucial for the United States to spearhead the development of a quantum-resistant CBDC...
Read more