Source: CoinDesk
“A new study suggests that breaking RSA encryption with quantum computers may require 20 times fewer resources than previously thought. Although Bitcoin uses elliptic curve cryptography, it remains vulnerable to quantum attacks similar to those threatening RSA. Current quantum computers are not yet capable of breaking these encryption methods, but research is rapidly advancing. A new research paper by Google Quantum AI researcher Craig Gidney shows that breaking widely used RSA encryption may require 20 times fewer quantum resources than previously believed. The finding did not specifically mention bitcoin or other cryptocurrencies, but took aim at the encryption methods that form the technical backbone used to secure crypto wallets and, in some cases, transactions.” (05/27/25)