Scientists in China were able to exchange an encryption key at a distance of 1,120 kilometers, this exceeds the previous best attempt by 1,000 kilometers. Crypto experts discuss whether this could have practical implications for the industry.
Quantum (NASDAQ:QMCO) computers are scarecrows for the crypto industry for years, with some speculating that the advances in this technology will make all existing cryptography obsolete. This time quantum entanglement was used to exchange a secret key that could be used to encrypt and decrypt messages. One could imagine if this technology becomes a commodity it could make crypto hacking obsolete as users would be able to authorize transactions outside of the Internet.