In the recent past, Stefan Thomas, a German trader made news when he forgot the password to his digital wallet.
While this would have been good news for the German crypto trader, it means that Quantum computers can be used to crack Bitcoin digital wallets easily, which raises serious security concerns.
Studies show that within a decade, quantum computers could easily break and bypass cryptographic security.
This is what will give access to all your internet-based accounts including crypto wallets.
For instance, it has been established that quantum computing will be introduced gradually and not a sudden move.
The National Institute of Science and Technology has been working tirelessly on a new and improved encryption that will safeguard your interests against quantum threats.
However, the good news is that by the time quantum is taking full effect, there will be corresponding security upgrades to protect your digital wallet.