The Royal Swedish Academy of Sciences announced the winners of the Nobel Prize in Physics 2025 on Oct. 7.
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John Clarke
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Michel Devoret
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John Martinis
The trio of scientists have been awarded the Nobel Physics Prize "for the discovery of macroscopic quantum mechanical tunnelling and energy quantisation in an electric circuit."
The Nobel Laureates conducted experiments with an electrical circuit in which they demonstrated both quantum mechanical tunnelling and quantized energy levels in a system big enough to be held in the hand.
Their discoveries have laid the foundation of quantum computing which many fear poses threats to crypto.
Can quantum computing threaten crypto?
Cryptocurrencies are virtual currencies that depend on cryptography to encrypt financial details to ensure the integrity and security of funds. So nobody other than those sending and receiving crypto assets can gain access to any sensitive financial data.
While even the latest and most powerful supercomputers will take thousands of years to decrypt crypto proofs, there is a fear within the crypto community that quantum computers — when they arrive — will be able to violate crypto security within seconds.
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When quantum computing truly arrives on its own, there is a fear of it seriously disrupting the crypto infrastructure.
How can crypto resist quantum threat?
Experts say that crypto should abandon the RSA cryptosystem and adopt post-quantum crypto to resist the potential risks posed by quantum computers in the future.
However, computer scientists such as the University of Maryland's Assistant Professor of Computer Science Ian Miers believe that market estimates for post-quantum crypto are guided by incentives. There are few who will admit that quantum computing is still years away because the hype for it brings money, Miers said.
This story was originally reported by TheStreet on Oct 8, 2025, where it first appeared in the Technology News section. Add TheStreet as a Preferred Source by clicking here.
