• We want to raise awarenes

    From Mike Powell@1:2320/107 to All on Tue Apr 7 11:05:43 2026
    'We want to raise awareness on this issue': Google warns quantum computers could break Bitcoin encryption much sooner than expected

    Date:
    Mon, 06 Apr 2026 22:25:00 +0000

    Description:
    Google research indicates quantum computers may break cryptocurrency
    encryption sooner, prompting urgency for post quantum cryptography adoption
    and coordinated disclosure strategies

    FULL STORY
    Google researchers have revised expectations around the computational requirements needed to break widely used cryptographic systems protecting cryptocurrencies.

    The companys latest whitepaper claims a future quantum machine could solve
    the elliptic curve discrete logarithm problem using significantly fewer resources than previously assumed. Earlier estimates suggested millions of qubits would be required to break encryption schemes such as secp256k1, which underpins Bitcoin security.

    New quantum findings reduce crypto security timelines -- The new findings indicate fewer than 500,000 physical qubits could be sufficient, representing
    a substantial reduction in expected hardware requirements.

    The research outlines two quantum circuit designs capable of executing Shors algorithm, requiring under 1,500 logical qubits and tens of millions of
    quantum gate operations.

    Under standard assumptions about hardware performance, these computations
    could be completed within minutes on a sufficiently advanced system.

    This marks a continuation of incremental improvements in quantum algorithm efficiency, rather than a sudden breakthrough in hardware capabilities.

    Google states that the intent behind publishing these findings is not to
    create alarm but to encourage preparation within the cryptocurrency
    ecosystem.

    We want to raise awareness on this issue and are providing the cryptocurrency community with recommendations to improve security and stability before this
    is possible, including transitioning blockchains to post-quantum
    cryptography, Google executives, Ryan Babbush and Hartmut Neven said.

    The company adopted a controlled disclosure strategy, sharing verifiable findings through a zero-knowledge proof mechanism without exposing sensitive implementation details that could enable misuse.

    This approach reflects established practices in cybersecurity, where vulnerabilities are disclosed in a coordinated manner to allow time for mitigation.

    However, disclosure in blockchain systems introduces additional complexity,
    as confidence in the network plays a direct role in asset value.

    Researchers note that exaggerated or poorly substantiated claims could contribute to instability through fear and uncertainty, even in the absence
    of immediate technical risk.

    Most blockchain systems currently rely on elliptic curve cryptography, which remains secure against classical computing attacks but is vulnerable in a quantum scenario.

    Google points to post-quantum cryptography as a viable pathway, emphasizing that alternative algorithms based on more complex mathematical structures are already under development.

    These methods aim to resist quantum attacks while maintaining compatibility with existing systems.

    Despite the availability of potential solutions, implementation across decentralized networks is expected to be gradual.

    The researchers stress the importance of early planning, including reducing exposure of vulnerable wallet addresses and considering policies for inactive or abandoned digital assets.

    Link to news story: https://www.techradar.com/pro/we-want-to-raise-awareness-on-this-issue-google- warns-quantum-computers-could-break-bitcoin-encryption-much-sooner-than-expect ed

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    * Origin: Capitol City Online (1:2320/107)