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Quantum attack estimates for Bitcoin and Ethereum keep dropping
Researchers keep shrinking the math needed to crack the codes protecting Bitcoin and Ethereum wallets, with a new paper cutting the estimate roughly in half versus Google's March benchmark. No machine can do this yet, but Bitcoin developers and Ethereum, targeting 2029, are racing to swap in quantum-safe signatures. This lifts the two ETFs plus quantum builders Rigetti (RGTI) and D-Wave (QBTS).
Sources
Bitcoin and Ethereum Race to Quantum-Proof Networks as Attack Cost Estimates Keep Falling
The whole story · updated
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The Block
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Researchers halve quantum resource benchmark for key operation in Bitcoin, Ethereum attack
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CoinDesk
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Crypto researchers cut Bitcoin and Ethereum quantum attack estimate by 50%
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CoinDesk
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Bitcoin and Ethereum race quantum clock as U.S. backs $300 million hardware push