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Major security firm warns quantum computing could break Bitcoin in 15 years
Quantum computing’s accelerating breakthroughs are forcing the crypto sector to confront a long-anticipated question. How long before quantum machines can break Bitcoin security? Blockchain analytics firm Chainalysis, in a report published on Nov. 19, estimates that sufficiently powerful quantum systems capable of cracking Bitcoin’s elliptic curve cryptography could emerge within 10 to 15 years, placing the industry on a firm countdown toward quantum readiness. The warning follows rapid progress in the field, including Google’s recent demonstration of quantum processors operating thousands of times faster than ... (full story)
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