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Quantum Threat to Bitcoin Is Closer Than You Think — Just Over 2 Years Away

BeInCrypto
The Quantum Doomsday Clock suggests quantum computers could break Bitcoin's encryption in just over two years, necessitating a swift migration to post-quantum cryptography.

Summary

The Quantum Doomsday Clock project estimates that quantum computers will possess the necessary logical qubits to compromise Bitcoin's security in approximately two years, four months, and two days, specifically targeting March 8, 2028. Breaking current encryption standards like ECC-256 requires around 1,673 logical qubits, depending on error correction rates. Experts, including IBM's CTO and Solana's co-founder, have warned that quantum risks are accelerating faster than anticipated, urging the community to transition to quantum-resistant protocols. While some wallets using P2PKH may have a slight delay, the overall ecosystem must adopt new standards. Companies like BTQ Technologies are already demonstrating quantum-safe implementations using NIST-approved algorithms like ML-DSA to protect the multi-trillion dollar market.

(Source:BeInCrypto)