"Google's blog post warns that Bitcoin and similar cryptocurrencies may be vulnerable to quantum computers sooner than previously expected, with just 500,000 qubits capable of cracking Bitcoin's elliptic-curve cryptography within minutes."
"Experts have long recognized that quantum computers will eventually threaten legacy pre-quantum encryption systems, but the timeline for this threat was thought to be decades away."
Bitcoin has been a dominant cryptocurrency, but a recent Google report indicates that its security may be at risk from quantum computers. Google warns that quantum computers with 500,000 qubits could break Bitcoin's cryptography in minutes, potentially within this decade. This revelation has caused concern among investors, who previously believed that such threats were far off. The shift towards quantum-resistant tokens is becoming more urgent as the capabilities of quantum computing advance.
Read at Fast Company
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