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Quantum computing poses significant challenges to blockchain security by potentially breaking cryptographic protocols like RSA and ECDSA using Shor’s algorithm, risking private key exposure and transaction integrity. This could enable theft of cryptocurrencies, undermining trust and causing market crashes, with potential losses in the trillions. Grover’s algorithm may also disrupt proof-of-work mining, centralizing power. However, quantum-resistant cryptography, such as post-quantum algorithms, is being developed to mitigate these risks. Transitioning to these solutions is crucial for blockchain resilience. Market stability depends on proactive adoption of quantum-secure technologies to maintain investor confidence and prevent economic disruptions.
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