What Is Moore’s Law, And How Does It Impact Cryptography?

Moore’s law, proposed by Gordon Moore, the co-founder and emeritus chairman of Intel Corporation, states that the number of transistors on microchips will double roughly every two years while their production costs will stay the same or even go down. This exponential rise in computing power has vast implications for digital life, including the field of cryptography. Cryptographers can create more advanced and secure encryption techniques and longer key lengths to guarantee the security and privacy of digital communications. Moore’s law also stimulates economic growth through innovation, creates new markets for goods and services, and increases the effectiveness of existing ones.