In a groundbreaking advancement, Project Eleven has showcased the capability of quantum computers to compromise a simplified version of the encryption used by dominant cryptocurrencies like Bitcoin. Although Bitcoin utilizes the robust 256-bit secp256k1 algorithm, a 15-bit elliptic curve encryption key was recently circumvented in a demonstration, highlighting a potential avenue for future vulnerabilities.
Continue Reading:Quantum Computers Take a Step Towards Breaking Digital Defenses
Source: https://en.bitcoinhaber.net/quantum-computers-take-a-step-towards-breaking-digital-defenses