Bitcoin Quantum Alarm Backfires After Google Researcher Challenges Prize
Project Eleven’s 1 BTC Q-Day Prize was meant to sharpen the debate over quantum risk to Bitcoin and other ECC-secured crypto assets. Instead, a sharp critique from Google quantum researcher Craig Gidney has turned the competition itself into the story. In an April 25 blog post titled “The predictable failure of the QDay Prize,” Gidney, […]
Related News
It is ‘deja vu’ all over again as Google prepares for a future that seems inevitable. Like the millennium bug of the late 90s, Practical Quantum Computing looks like the next big turn in this era of internet security and encryption. Preparing for Advanced Quantum attacks. The prevailing concern is that in the near future, personal information may not be so secure as hackers could employ higher level computing procedures, otherwise known as Advanced Quantum attacks to crack current encryption techniques. Considering the potential weakness of encryption which could make it vulnerable in the....
Google’s Quantum AI team recently issued an interesting warning to the cryptocurrency industry, noting how the mathematical foundation securing Bitcoin and most other digital assets may be far more vulnerable to quantum computers than previously believed. In a recent research blog post, Google said the quantum resources needed to attack the elliptic curve cryptography used […]
Following new Google research highlighting an accelerating quantum-computing threat to crypto, former Binance CEO Changpeng Zhao (CZ) weighed in with a pragmatic — if brisk — prescription: upgrade cryptography. In a social media post on X (previously Twitter), the founder of the crypto exchange sought to ease concerns while acknowledging the technical and governance challenges […]
Google’s quantum team says its Willow processor ran a new algorithm called Quantum Echoes that solved a molecular-simulation task roughly 13,000× faster than the best classical methods on top supercomputers. Based on reports, the run is being presented as a verifiable quantum advantage and was published alongside technical notes from Google. Related Reading: Diddy Strikes […]
Project 11 CEO Alex Pruden is challenging a CoinShares estimate that only 10,200 bitcoin sit in “genuinely” quantum-vulnerable legacy addresses, arguing instead that roughly 6.9 million BTC could be exposed if cryptographically relevant quantum computers arrive sooner than the market expects. The dispute, amplified by Castle Island partner Nic Carter, goes to the heart of […]