"Google's quantum division revealed that future quantum machines could break widely used encryption, including elliptic curve cryptography, more efficiently than previously estimated, potentially arriving sooner than expected."
"The research indicates that attacks on Bitcoin's encryption, which once seemed decades away, could occur in minutes under advanced quantum conditions, emphasizing the need for immediate attention."
"About 6.7 million Bitcoin may be exposed to quantum attack scenarios, particularly those held in older address formats where public keys are permanently visible on-chain."
"Google has set a 2029 target to transition its systems to post-quantum cryptography, reflecting a broader trend among technology firms and governments towards preparing for quantum threats."
Google's recent research indicates that future quantum computers could efficiently break the encryption used in Bitcoin wallets, posing a risk that may arrive sooner than previously thought. Although current quantum technology is not yet capable of such attacks, the findings suggest a need for proactive measures. Approximately 6.7 million Bitcoin may be vulnerable due to exposed public keys. Google aims to transition to post-quantum cryptography by 2029, highlighting a shift in focus towards defensive strategies against potential quantum threats.
Read at Bitcoin Magazine
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