https://en.wikipedia.org/wiki/Elliptic-curve_cryptography#Qu...
The thing with applied cryptography is that everyone is expecting the attacks to get better over time, sometimes in big and inconvenient bursts. There are several strategies to mitigate this, including oversizing security margins by a certain amount (so that an innovation that improves an attack by an order of magnitude or two isn't an instantaneous shattering of your whole security model), and having what's sometimes termed "algorithm agility" (which has somewhat fallen out of favor recently due to having its own class of bugs due to the implementations around, say, an optional NONE pluggable cipher type).
But it likely won't happen at all. Lots of work is being done on quantum proof cryptography[1]. IT systems and crypto can be upgraded to use it.
The real problem is going to be all the stashed encrypted data that US and China have stored on each other of a sensitive nature. The encryption on this information could be cracked by a quantum computer.
There would probably be some competing chains as different communities tried to be "the one". Things might settle down at some point as it's really a "winner takes all" market.
That said, it would be such a feat of mathematics (if even possible) that it's highly unlikely a bad actor would be the first one to discover it.
Every bank account and every website will be able to be able to be hacked.
There are crypto punks on Binance / Tron but they are pretty worthless. Everyone knows which one is the real one
For most projects that go multi chain it’s all about wrapping. I.e the main item is on ETH but they are wrapped when on other chains.
https://cryptoinsider.media/venezuelan-developers-using-bitc...
The ecological footprint it important in the nft space. https://medium.com/tqtezos/proof-of-work-vs-proof-of-stake-t...
At the moment approximately 40 transactions per second
NFTs on Tezos: https://kalamint.io/ https://www.hicetnunc.xyz/ Minting a NFT costs about 1 cent
A collectible card game called emergents will be based on the chain. https://coa.se/
Further adoption: Recently the biggest retailer in france has announced to develop a stable coin on tezos. https://www.coindesk.com/french-firm-launches-euro-stablecoi... https://en.wikipedia.org/wiki/Groupe_Casino
The one notable exception is NBA Top Shot, which is an NFT collection that uses the Flow blockchain.
https://wallet.tether.to/transparency
Also USDC is on several chains as well including Stellar.
Not sure what that means for anything, but it’s important to remember that what we consider the gold standard today, BTC, ETH, they may be tomorrow’s tin.
Edit: this is one of the reasons I’m optimistic about the future of ethereum. The stablecoins have become so critical for defi that it’s hard to imagine another platform (like polkadot) gaining critical traction needed to overtake it.
Tron is growing ... USDC is multichain as well.
edit: Yeah I remember correctly
https://www.coindesk.com/tron-ethereum-tether-transaction-co...
The irony of most cryptocurrency market cap depending on mostly scam currency TRON is not lost upon me.
https://wallet.tether.to/transparency
Most Tether volume is also on Ethereum, as the article above notes:
>>Notably, the total value of tether transacted on Ethereum is still larger than Tron, signaling that primarily smaller transactors are migrating. Meanwhile, parties executing larger transactions who can presumably afford higher fees seem comfortable continuing to use Ethereum.
The big issue is that there's simply no space on Ethereum for smaller transactions. Hopefully some of this volume will migrate to Ethereum's zkRollups, namely Loopring and zkSync, which increase Ethereum's maximum throughput from 30 to 3,000 ERC20 token transfers per second.
