<ul><li>Researchers from Shanghai University have breached encryption algorithms commonly used in banking and cryptocurrencies using a quantum computer.</li><li>They employed quantum annealing and targeted algorithms crucial for advanced encryption standards (AES) used in cryptocurrency wallets.</li><li>While AES-256 is considered safe, researchers warn that quantum computers could soon become a real threat to encryption.</li><li>Environmental factors, hardware issues, and the challenge of creating a single attack algorithm for multiple systems make full-scale quantum hacks difficult for now.</li></ul>

Quantum Computing Poses New Threat to Encryption

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