G7 Urges Immediate Transition to Post-Quantum Cryptography; Crypto Developers Prepare Defenses

The G7 Cyber Expert Group has issued a report warning that quantum computing poses significant security and economic threats, urging organizations to begin transitioning to post-quantum cryptography (PQC) immediately. While the report does not explicitly mention cryptocurrencies, the public-key cryptography used in blockchain networks is vulnerable to future quantum attacks. Developers for Bitcoin, Ethereum, and Solana are already exploring defensive measures. Bitcoin developers are considering proposals like BIP-360, Ethereum researchers are planning to re