CryptoNews Podcast #463: Andrew Cheung, CEO of 01 Quantum Inc, on Building a Quantum-Safe Cryptocurrency and Quantum’s Threat to Crypto
Aug 7, 2025
Andrew Cheung, CEO and CTO of 01 Quantum Inc, brings over 25 years of experience in tech to the table. He delves into the imminent threat quantum computing poses to cryptocurrency, calling for urgent post-quantum cryptography solutions. Cheung discusses the challenges of updating existing blockchain systems and shares insights on creating a quantum-safe crypto token. His innovative work demonstrates the need for robust protection against potential cyber threats, making a compelling case for a quantum-safe future in the crypto space.
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Andrew's Quantum Computing Journey
- Andrew Cheung shares his journey from initially skeptical to proactive on quantum computing over 13 years.
- He created a dedicated division to focus on post-quantum cybersecurity after realizing quantum's real threat.
Quantum Threat to Current Encryption
- Current encryption relies on math problems like factoring large semi-prime numbers, which take supercomputers centuries.
- Quantum computers can solve these faster, reducing protection from centuries to milliseconds, threatening current crypto security.
Public Keys Vulnerability
- Public keys become vulnerable when exposed by any transaction made from a wallet.
- Once the public key is exposed, quantum computers can reverse-engineer private keys and compromise wallet security.