Blockchain technology has been fueling innovation over the last decade, but, as is always the case in the world of technology, innovation and ingenuity do not stand still. Such is the breakneck speed of the tech world that even some of the great inventions and creations of their day can fall out of favor quickly, depending on the quality of the product or design that is poised to replace them.

How Blockchain Broke Into The Mainstream

Over the last decade and a half, we have seen the enormous influence of blockchain and cryptocurrency throughout prominent markets like the US and Canada, as well as markets further afield. 

It’s only been over the last few years that we have seen the market expand into familiar ideas and themes, such as casino gaming, which has championed the peer-to-peer nature of the blockchain and created a new avenue for those looking to use Bitcoin to play casino games. 

Due to the borderless nature of crypto and its entirely digital approach, a Bitcoin casino Canada can offer the same gaming mechanics and concepts as other casinos across North America and internationally. 

However, the key selling point is that these casino platforms often mimic conventional designs; the only difference is that gamers connect their Bitcoin wallets to play, so they don't have to deal with the added headache of extensive KYC or fees that can arise with specific fiat payment options. 

Grappling With The Dynamic

By the mid-2010s, it became clear that Bitcoin was a highly innovative twist on conventional finance, and one that was here to stay. Understanding the basics of crypto and how it works is essential, as without this knowledge, it is impossible to grasp how quantum cryptography could become a disruptive force in the market over the next decade or so.

Those who invest in cryptocurrency have adopted a number of different methods, many of which they have transferred from more conventional markets, such as stock, forex, and commodity trading. Dollar-cost averaging is the method many top investors use: buying at strategic points and selling when the market booms, so their average entry price continues to decline and, in theory, they achieve better returns in the long run. 

As more AI-powered apps now impact how we go about our daily lives, they will become an integral part of defending against malicious activity on the blockchain, but they could also be leveraged by cybercriminals alongside quantum cryptography to gain access to people’s hot wallets. 

Steps To Take

Thankfully, many companies are already making giant leaps forward in their approach to securing themselves against the potential of post-quantum cryptography. Ethereum may have had a bit of a rough journey over the last few years, but it is one of the main mainstream cryptocurrencies actively working to become quantum-resistant.

If you hold cryptocurrency or have a lot of activity on a hot wallet, unless you plan to actively trade and hold Bitcoin, one of the best steps you can take is to set up a cold storage wallet and bring your Bitcoin or other assets offline. Other steps include keeping up to date on whether a Post-Quantum Computing (PQC-safe wallet) address is available and transferring your assets to a wallet that supports it. 

Using Electrum, Sparrow, or other wallets that generate a new address for each transaction is another way to get ahead of a potential seismic shift that could be on the horizon courtesy of PQC, as it keeping your knowledge relevant and up to date, so that you can prepare for what is about to unfold on the horizon.

Exploring The Timeline

By 2035, cybersecurity experts have warned that quantum hacking is likely to become the new digital battleground, and that it could impact conventional banks more than cryptocurrency and blockchain companies, many of whom are already investing time, resources, and money to combat the rise of this innovative technology.

Ultimately, if you have a vested interest in the world of cryptocurrency and blockchain, or invest heavily in digital assets, it pays to stay up to date on the latest news about quantum computing and to protect yourself and your assets accordingly.

This is a timeline that could unfold over the next decade, and the promising news is that there’s a global effort to quantum-proof the most sensitive and vulnerable parts of our financial system. 

For all the fantastic innovations that cryptocurrency and blockchain have brought to the world of digital finance, those who work in the industry must stay ahead of the inevitable seismic changes that are nearing fruition. It is not a case of 'it,' but of when quantum computing starts to transform the world of blockchain and cryptocurrency.

So long as there is careful planning and PQC-safe wallets become commonplace in crypto and blockchain, the impact will be profound, but the industry should still have enough to continue moving forward.