Report: Quantum computing may threaten Bitcoin's cryptography system as early as 2030

robot
Abstract generation in progress

Deep Tide TechFlow News, May 7th, according to The Block, reports that quantum security startup Project Eleven released a new report indicating that the “Q-Day” when quantum computers break modern encryption could arrive as early as 2030, with a “greater than 50%” probability of occurring before 2033. The report warns that the advancement of quantum computing power will not be linear but will instead be a “from nothing to everything, sudden leap” type of jump. Currently, about 6.9 million BTC (worth over $560 billion) face potential quantum attack risks under certain conditions.

In response to this threat, multiple solutions have emerged within the industry: Paradigm researcher Dan Robinson proposed using timestamp proofs to help holders recover assets on a future quantum-secure version of the Bitcoin network; Jameson Lopp and others suggested the BIP-361 plan, which recommends establishing a multi-year migration window to guide users to transfer funds to quantum-resistant addresses. Google has also moved its quantum-resistant encryption migration target forward to 2029.

BTC-0.71%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin