By IQT News posted 23 Jul 2019

(FormTek.blog) Today’s strong algorithms will become weaklings with the advent of quantum computers. While quantum computers exist, knowledge about how to build them to be more powerful is still being researched.
Today’s best quantum computers are at the 70 qubit level. The estimate for quantum computers to be able to break a 2048-bit encryption is about a billion qubits. Researchers think that within the next decade quantum computing will be at the point where today’s encryption methods will become obsolete.
Rep. Will Hurd, R-Texas, said that “whoever gets to true quantum computing first will be able to negate all the encryption that we’ve ever done to date.”
The race is on by countries to develop quantum computers. Elsa Kania, adjunct senior fellow for the Center for a new American Security, told the WSJ that “if there is a modern-day equivalent of the Manhattan Project happening anywhere in the world in order to achieve a quantum computer, it is happening in China and not the US.”

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