The National Institute of Standards and Technology (NIST) said it will deprecate ECDSA after 2030. Government to Deprecate Bitcoin Signature Cryptography The cryptography underpinning Bitcoin’s digital signatures – Elliptic Curve Digital Signature Algorithm (ECDSA) – will be deprecated by the government after 2030, and some bitcoiners are urging the community to saddle up and find […]
Google’s unveiling of Willow, its latest quantum computing chip, has reignited chatter about Bitcoin’s cryptography and whether it might be vulnerable. On Dec. 12, a lively X Spaces broadcast had BTC enthusiasts debating the reality of the threat. Some participants suggested that before 2030, we might see 1 million qubit machines with the power to […]
PRESS RELEASE. Advancements in quantum computing are poised to undermine the foundations of traditional encryption, as highlighted by recent research. A pressing question arises: how can data security be maintained in the face of this quantum revolution? Encryption methods once considered unbreakable, such as AES-256, are now at significant risk. Quantum computers, with their capacity […]
Following discussions about Google’s latest quantum computing chip, speculation is rife that Bitcoin’s days are numbered and its cryptography is at risk of being compromised. Google’s Willow Chip Launches Heated Bitcoin Discussions On Monday, the CEO of Google and its parent company, Alphabet Inc., Sundar Pichai shared an X thread introducing Willow, a cutting-edge quantum […]
Professor Massimiliano Sala, a professor of Mathematics at the University of Trento, warns that quantum computing poses significant threats to blockchain security. He highlights that quantum computers could solve problems foundational to digital signatures, compromising user assets on blockchain platforms. To mitigate these risks, Sala emphasizes the need to transition to quantum-resistant cryptographic systems. He […]