Craig Gidney, a Quantum AI researcher at Google, warned that Bitcoin’s encryption faces growing risks due to rapid advancements in quantum computing. He further revealed that breaking RSA encryption now requires 20 times fewer quantum resources than was previously estimated.
Although the finding did not specifically mention Bitcoin, it focused on the RSA encryption methods that form the core security framework for many crypto wallets and, in some cases, protect transactions as well.
How Dangerous Is Quantum Computing for the Bitcoin Algorithm?
RSA is a public-key algorithm for the encryption and decryption of data. Bitcoin
BTC
$96 611
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2.1%
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uses elliptic curve
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