Bitcoin Quantum Threat: Top Expert Predicts Breakthrough Before Next US Election
One of the world’s most respected quantum computing researchers has sharply pulled forward the perceived timeline for a cryptographically relevant quantum computer – and Bitcoin is suddenly in the crosshairs of the debate. In a new post on his Shtetl-Optimized blog, theoretical computer scientist Scott Aaronson writes that, given the “current staggering rate of hardware […]
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The development of quantum computers may spell the doom of Bitcoin. Bitcoin is dead! It has been predicted 112 times already. There is even a website that keeps track of all these obituaries. The latest prophecy predicts the death of Bitcoin once quantum computers make an entry. This plausible prediction comes at the time when Bitcoin is going strong, rebounding from a recent dip in its price following the BitFinex hacking incident. The threat of quantum computers on Bitcoin was predicted by Andersen Cheng, the co-founder of a UK-based cyber security firm, Post Quantum. He was quoted by a....
At TOKEN2049 Singapore, Capriole Investments founder Charles Edwards set aside his well-known Bitcoin bullishness to deliver an unambiguous warning: a quantum “Q-Day” could arrive far sooner than most of the industry expects, with potentially existential consequences if Bitcoin’s core cryptography is not upgraded in time. “Within two to eight years, a quantum machine will break […]
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 […]
Efforts are under way to develop the world’s first operational quantum computers, which will mark a literal quantum leap forward in technology. The Australian quantum computing startup Silicon Quantum Computing revealed Friday that it has constructed the world’s first atomic-scale integrated circuit that will power a new breed of computing machines. While that’s an impressive feat […]
A technical debate erupted on X after on-chain analyst Willy Woo published what he called a “DUMMIES GUIDE TO BEING QUANTUM SAFE,” urging Bitcoin holders to migrate coins away from Taproot addresses (bc1p) to SegWit bc1q or older P2PKH/P2SH formats and to avoid spending until post-quantum protections are available. How To Make Bitcoin “Quantum-Safe” “In […]