Definition ∞ Shor’s Algorithm is a quantum algorithm capable of factoring large integers into their prime components exponentially faster than any known classical algorithm. Developed by Peter Shor, it utilizes quantum properties like superposition and entanglement to solve problems intractable for classical computers. Its existence has significant implications for public-key cryptography.
Context ∞ Shor’s Algorithm presents a theoretical threat to the security of many cryptographic systems, including those underpinning current digital asset security, such as RSA and elliptic curve cryptography. News reports often discuss the long-term implications of quantum computing advancements for blockchain and cryptocurrency security. Research into post-quantum cryptography aims to develop new cryptographic methods resistant to attacks by such algorithms.
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