Quantum risk resurfaces at the worst time for bitcoin, but QRL token is loving it: Crypto Daybook Americas
New research suggests quantum computers could break Bitcoin's encryption sooner than expected, boosting the quantum-resistant QRL token.Summary
New research from Google and Caltech/Oratomic suggests that breaking Bitcoin's cryptography might require significantly fewer qubits (under 500,000 or even 26,000) than previously estimated, reviving existential quantum computing threats to cryptocurrencies. This concern arises as Bitcoin pulls back amid macro worries, with experts suggesting the network may need quantum-safe upgrades by around 2029. While 25%-30% of Bitcoin's supply is currently vulnerable, the Quantum Resistant Ledger (QRL) token has surged 40% because its blockchain uses the quantum-safe XMSS signature scheme, unlike Bitcoin's vulnerable elliptic curve cryptography. This highlights that quantum security concerns could drive investor interest toward projects designed to be future-proof.
(Source：CoinDesk)