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Project Eleven flags “Q-Day” risk for Bitcoin as early as 2030, says 6.9 million BTC exposed


Project Eleven flags “Q-Day” risk for Bitcoin as early as 2030, says 6.9 million BTC exposed

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Project Eleven warns Q-Day (when quantum computers can break public-key crypto) could arrive as early as 2030, citing rapid progress in quantum attacks on elliptic curve cryptography (ECC) that may put millions of bitcoins at risk. The analysis, based on recent demonstrations and academic work, highlights urgent crypto security risks and the need for protocol upgrades, post-quantum adoption, wallet migrations and industry-wide mitigation to protect Bitcoin and other crypto assets.

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A new analysis by Project Eleven warns that “Q-Day,” the hypothetical point when quantum computers can break widely used public-key cryptography, could arrive as early as 2030, potentially putting millions of bitcoins at risk. The estimate builds on recent demonstrations and academic work showing rapid progress in quantum attacks against elliptic curve cryptography, the mathematical...
Read the article at CryptoPolitan

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In This News

Coins

$ 63.82K

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