STRK Extends Rally As StarkWare CEO Warns 'Quantum Threat May Be Much Closer Than We Think'

Starknet (STRK) extended its rally on Sunday after its parent company, StarkWare, warned that "the quantum threat may be much closer than we think," as the firm behind the network weighs breaking away from Ethereum (ETH) to move faster on security.

The rally came as StarkWare co-founder and CEO Eli Ben-Sasson explained that blockchains needed to become "future-proofed" quickly, because artificial intelligence was advancing fast enough to bring quantum computing's threat to cryptography closer than most people assumed.

The bottom line of all of this is that AI is speeding up the timeline towards breaking Bitcoin and Ethereum signatures with Quantum computers.”

- Eli Ben-Sasson, CEO of StarkWare and co-founder of Zcash Amidst the growing chatter, STRK’s price was up over 52% during the past 24 hours.

A Test Run On Bitcoin Starknet also published proof that the idea already works, built on the chain it says is least able to adapt quickly: Bitcoin.