Google Flags Quantum Risk to Bitcoin Encryption

The post Google Flags Quantum Risk to Bitcoin Encryption appeared first on Coinpedia Fintech News Google’s Quantum AI team, with researchers like Justin Drake and Dan Boneh, published a paper showing a significantly more efficient implementation of Shor’s algorithm that could threaten cryptography used by Bitcoin and Ethereum. The optimized method needs around 1,000 logical qubits (500,000 physical qubits) to solve the elliptic curve discrete logarithm problem, securing ECDSA signatures, …