A new tool dubbed the Quantum Doomsday Clock has set a timeline for when quantum computers could become capable of breaking Bitcoin’s (BTC) encryption.
According to the tool, developed by Colton Dillion and cryptographer Rick Carback, founders of Quip Network, investors have until March 08, 2028, at 11:23 AM to secure their cryptocurrencies.
Quantum Doomsday Clock
The clock models advances in quantum hardware, error correction, and cryptographic attack efficiency to estimate when elliptic curve cryptography could be compromised by a sufficiently powerful quantum system.
Notably, Bitcoin relies on elliptic curve digital signatures to secure wallets and authorize transactions.
Breaking this cryptography would not alter the blockchain or shut down the network, but it could allow attackers to derive private keys from exposed public keys, enabling unauthorized spending from affected addresses, particularly those that reuse addresses or have already revealed public keys.
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