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MeowAlert
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🚨 Breaking: $ETH Co-Founder Warns: Quantum Computers Could Break Crypto Within 5 Years

One of Ethereum’s co-founders has issued a serious warning for the entire crypto industry: there’s roughly a 20% chance that quantum computers could compromise blockchain cryptography within the next five years.

The concern centers on the fact that today’s blockchains, including Ethereum and Bitcoin, rely on cryptographic algorithms like elliptic curve signatures to secure wallets and transactions. Quantum machines—if they advance at the current pace—could potentially crack these algorithms, exposing private keys and making existing security measures obsolete.

Ethereum researchers are already exploring post-quantum cryptography to defend against this risk, but the timeline is tight. A successful quantum attack wouldn’t just threaten $ETH —it could impact the entire digital asset space, exchanges, and wallets worldwide.

This warning signals that Ethereum must prioritize quantum resistance as a top development milestone. If it succeeds, ETH could set the standard for crypto security in the next era of blockchain.
MeowAlert
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🚨 Breaking: $ETH Co-Founder Warns: Quantum Computers Could Break Crypto Within 5 Years

One of Ethereum’s co-founders has issued a serious warning for the entire crypto industry: there’s roughly a 20% chance that quantum computers could compromise blockchain cryptography within the next five years.

The concern centers on the fact that today’s blockchains, including Ethereum and Bitcoin, rely on cryptographic algorithms like elliptic curve signatures to secure wallets and transactions. Quantum machines—if they advance at the current pace—could potentially crack these algorithms, exposing private keys and making existing security measures obsolete.

Ethereum researchers are already exploring post-quantum cryptography to defend against this risk, but the timeline is tight. A successful quantum attack wouldn’t just threaten $ETH —it could impact the entire digital asset space, exchanges, and wallets worldwide.

This warning signals that Ethereum must prioritize quantum resistance as a top development milestone. If it succeeds, ETH could set the standard for crypto security in the next era of blockchain.
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Recently, many cryptocurrency friends have encountered issues such as frozen cards and transaction limits when withdrawing and depositing funds. The controls are much stricter now compared to before. I remember back in 2018, it was easy to withdraw; as long as there were no issues with the money, it was fine—hundreds of thousands or even millions could be withdrawn. However, it has become increasingly strict, and by 2022, transaction limits on bank cards were imposed, followed by restrictions on payment amounts for WeChat and Alipay. Now it’s even more complicated; even if there are no issues with the money, transferring funds can become problematic, requiring clarification at the bank. Alipay and WeChat can no longer be used for direct buying and selling unless it’s through accounts that have had long-term communication.
Recently, many cryptocurrency friends have encountered issues such as frozen cards and transaction limits when withdrawing and depositing funds. The controls are much stricter now compared to before. I remember back in 2018, it was easy to withdraw; as long as there were no issues with the money, it was fine—hundreds of thousands or even millions could be withdrawn. However, it has become increasingly strict, and by 2022, transaction limits on bank cards were imposed, followed by restrictions on payment amounts for WeChat and Alipay. Now it’s even more complicated; even if there are no issues with the money, transferring funds can become problematic, requiring clarification at the bank. Alipay and WeChat can no longer be used for direct buying and selling unless it’s through accounts that have had long-term communication.
Crypto-爱币斯坦
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Recently, many cryptocurrency friends have encountered issues such as frozen cards and transaction limits when withdrawing and depositing funds. The controls are much stricter now compared to before. I remember back in 2018, it was easy to withdraw; as long as there were no issues with the money, it was fine—hundreds of thousands or even millions could be withdrawn. However, it has become increasingly strict, and by 2022, transaction limits on bank cards were imposed, followed by restrictions on payment amounts for WeChat and Alipay. Now it’s even more complicated; even if there are no issues with the money, transferring funds can become problematic, requiring clarification at the bank. Alipay and WeChat can no longer be used for direct buying and selling unless it’s through accounts that have had long-term communication. For strangers, it’s very troublesome, involving various small wallets. Currently, the best way to withdraw funds is to go to Hong Kong, but be aware that there are limits on how much cash you can bring back. Alternatively, you can set up a company, for instance, in Singapore for business operations, while also establishing a company specifically for currency exchange to pay taxes in Singapore. This might not be practical for most people; I used this method in the past to pay taxes and withdraw funds, as the amounts from VC are large and compliant! Additionally, if you have fixed online and offline OTC channels with friends, you can use WeChat and Alipay for unrestricted transfers, but there are daily limits, and you can transfer to Yu'ebao and WeChat's '零钱通' for more flexibility. I find the most suitable method for now is to withdraw and deposit small amounts daily, breaking it down into smaller transactions for safety. It's best not to use bank cards; even 20,000 will trigger restrictions, which is very troublesome. Even if there are no issues with the money, the card can still be frozen, as each region has different banking policies. Even sending money can lead to a frozen card, as Uncle Hat is trying to protect you from fraud. Tomorrow, I'll talk about this in a live stream, and everyone is welcome to join and ask questions.
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