The Increasing Threat to Digital Assets Due to the Development of Quantum Algorithms

Abstract

The development in this digital era is fast pacing up to the future where machines will be able to perform tasks more efficiently and rapidly than even today’s supercomputers aren’t able to perform. Increasing technology and exponential development in the domain of Quantum Computing are leading humanity to the future where Computers will be able to solve unsolvable or exponential time-consuming problems in a span of short time. This will be proved advantageous in numerous ways but as every state of development has other aspects, this development will also be able to break down every possible cryptographic algorithm implemented in the classical computing era as they all are based on complex mathematical equations and calculations. A perfectly implemented Quantum Computer will be able to compute the mathematical calculations in parallel due to the phenomenon of Superposition and entanglement. All possible progress in Quantum Algorithms is discussed in the context of digital security in this paper which can be a possible threat to every executed cryptographic algorithm and securities instigated through them.