Cryptocurrency Q&A How many qubits to crack Bitcoin?

How many qubits to crack Bitcoin?

Giuseppe Giuseppe Sun Jun 23 2024 | 5 answers 610
The question of 'How many qubits to crack Bitcoin?' has sparked intense debate in the world of cryptocurrency and quantum computing. As Bitcoin relies on cryptographic algorithms to secure its transactions, it stands as a prime target for potential quantum attacks. However, estimating the exact number of qubits required to successfully crack Bitcoin remains a complex task. The answer depends on several factors, including the efficiency of the quantum algorithm, the computing power of the qubits, and the current security measures employed by Bitcoin. Some experts suggest that with current technology, it would take a significant number of qubits, perhaps thousands or even tens of thousands, to pose a realistic threat to Bitcoin's security. However, as quantum computing technology continues to advance, this threshold may change. It is crucial for the cryptocurrency community to stay vigilant and monitor developments in this field to ensure the long-term security of Bitcoin and other cryptocurrencies. How many qubits to crack Bitcoin?

5 answers

PulseWind PulseWind Tue Jun 25 2024
Should an attacker have more time, say an hour, the required number of qubits decreases but remains significant at 317 million.

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Valeria Valeria Tue Jun 25 2024
The complexity of breaking Bitcoin's encryption has been extensively analyzed.

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WhisperEcho WhisperEcho Tue Jun 25 2024
Recent estimates suggest that, within a 10-minute timeframe, a quantum computer with a staggering 1.9 billion qubits would be necessary to compromise Bitcoin's security.

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SakuraFestival SakuraFestival Mon Jun 24 2024
Even with an entire day to work, the estimated number of qubits needed to crack Bitcoin's encryption drops only to 13 million.

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Chloe_jackson_athlete Chloe_jackson_athlete Mon Jun 24 2024
This underscores the robustness of Bitcoin's cryptographic underpinnings and the significant technological hurdles that would need to be overcome for a successful attack.

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