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Quantum Computing Poses 50/50 Risk to Bitcoin Cryptography by 2025
Quantum computing advancements may threaten Bitcoin (BTC) cryptography. Solana co-founder Anatoly Yakovenko warned of potential security risks, suggesting a possible need for Bitcoin to migrate to quantum-resistant technologies.
Key Points
- Anatoly Yakovenko highlighted the risk of quantum computing at the All-In Summit 2025, estimating a 50% chance of significant developments in the next five years.
- Shor’s algorithm, if operational on quantum computers, could compromise Bitcoin's current signature schemes.
- Companies like Google have already released quantum chips, indicating rapid technological advancements.
- Similar concerns were raised by Craig Gidney, a Quantum AI researcher, noting that breaking RSA encryption now requires fewer quantum resources.
- Although Bitcoin uses Elliptic Curve Cryptography (ECC), it remains vulnerable to Shor’s algorithm.
This highlights the urgency for Bitcoin developers to create quantum-resistant solutions to secure its cryptographic integrity.