New breakthrough results for quantum attack resource estimates against 256-bit elliptic curves: most ECC-based applications including ECDSA and Bitcoin could be at risk way sooner than expected:
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New breakthrough results for quantum attack resource estimates against 256-bit elliptic curves: most ECC-based applications including ECDSA and Bitcoin could be at risk way sooner than expected:
"We estimate that these circuits can be executed on a superconducting qubit CRQC with fewer than 500,000 physical qubits in a few minutes [...] This is an approximately 20-fold reduction in the number of physical qubits required to solve ECDLP-256"
I have been saying this since the 2010s: quantum cryptanalysis is one of those non-linear technology progresses that will take everyone by surprise when it arrives. Qubits quality and numbers go up, error-correction and attacks improve, investments scale up accordingly. It's a perfect storm of compound factors. Folks didn't listen, now time is ticking.
#quantum #quantumcomputing #cryptography #security #cybersecurity #infosec #google #bitcoin #blockchain #ethereum
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