Shaw: Quantum computing is still far from cracking Bitcoin

GateNews
BTC-1,26%

Odaily Planet Daily reported that Shaw stated on the X platform that there is a huge gap between the actual progress of quantum computing and media hype and public perception. Although the field is making progress, quantum computers will not achieve their claimed capabilities within the next 40 to 50 years. Regarding hash functions like SHA-256, even with the most ideal application of Grover’s algorithm, the search space can only be reduced from 2^256 to 2^128, and 2^128 remains physically unbreakable. Shaw pointed out that the most advanced quantum computers today cannot even factor the number 21 into 3 and 7 without prior knowledge of the result. To crack Bitcoin, quantum computers would need to perform repeated calculations on the real-time network within a few minutes, a leap in capability far beyond the progress from 1950s computers to modern server clusters. Modern cryptography was designed with foresight of future computing power growth. Currently, fears or hype about quantum computing lack factual basis.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Morgan Stanley Bitcoin Trust Adds 120.413 BTC, Total Holdings Reach 1,834 BTC

Gate News message, April 25 — Morgan Stanley Bitcoin Trust (MSBT), the spot Bitcoin exchange-traded fund under Morgan Stanley, added 120.413 BTC worth approximately $9.35 million to its on-chain wallet five hours ago, according to Arkham data. The fund's total Bitcoin holdings now stand at 1,834 BT

GateNews8m ago

Italian Researcher Wins 1 BTC Bounty for 32,767-Bit Quantum Attack on Elliptic Curve Keys

Gate News message, April 24 — Giancarlo Lelli, an Italian researcher, has been awarded one Bitcoin after demonstrating the largest-scale quantum attack on elliptic curve cryptography to date. The breakthrough escalates concerns about quantum threats to Bitcoin, Ethereum, and other assets secured

GateNews2h ago

Warsh's Fed Chair Odds Surge to 86% After Powell DOJ Inquiry Ends

Prediction market traders on Kalshi pushed Kevin Warsh's chances of becoming Federal Reserve chair sharply higher after the Department of Justice ended its inquiry into Jerome Powell. The new pricing gives Warsh an 86% chance of Senate approval by May 15, up from approximately 30% before the DOJ dec

CryptoFrontier4h ago

Bitcoin ETFs See $213M Daily Inflow, Ethereum ETFs Record $83M Outflow on April 24

Gate News message, according to the April 24 update, Bitcoin ETFs recorded a single-day net inflow of 2,733 BTC (approximately $213.15 million), with a 7-day net inflow of 18,232 BTC (approximately $1.42 billion). Ethereum ETFs showed a single-day net outflow of 35,713 ETH (approximately $82.93 mill

GateNews8h ago

Bitcoin Breaks $78,000 but Falls 0.47% Intraday

Gate News message, April 24 — Bitcoin broke through $78,000 today, though it recorded a 0.47% decline over the intraday period.

GateNews8h ago

Project Eleven awards Q-Day 1 BTC bounty: researchers use a quantum computer to crack a 15-bit elliptic curve key

Project Eleven, a nonprofit organization focusing on research into “Q-Day (Quantum Computer Breaks Blockchain Cryptography Day),” announced on 4/24 that it would award a $1 Bitcoin bounty to independent researcher Giancarlo Lelli. Using a Shor algorithm variant on publicly accessible cloud quantum computer hardware, Lelli successfully cracked a 15-bit elliptic curve key—marking the largest public quantum attack demonstration to date. Attack Scale and Significance Project Content Winner Giancarlo Lelli (Independent Researcher) Attack Target 15-bit elliptic curve key, searching 32,767 possibilities Using Hardware Publicly accessible cloud quantum computers Algorithm Shor

ChainNewsAbmedia9h ago
Comment
0/400
Saffronvip
· 2025-12-31 13:58
2026 Go Go Go 👊
View OriginalReply0