Google Warns Quantum Computers Could Crack Bitcoin-Like Encryption 20 Times Faster Than Expected
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Google's research indicates that RSA encryption, vital for Bitcoin security, may be vulnerable to quantum computing attacks 20 times faster than previously thought. Researcher Craig Gidney revealed that a quantum computer with 1 million noisy qubits could break 2048-bit RSA encryption in a week. While the study didn't mention Bitcoin directly, concerns are rising about the security of Elliptic Curve Cryptography used in Bitcoin transactions. Experts suggest proactive measures, including transitioning to quantum-resistant algorithms, to safeguard against potential future threats from quantum computing.
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