Bitcoin's quantum plan assumes some algorithms break. AI just weakened one in 60 hours

Bitcoin's quantum plan assumes some algorithms break. AI just weakened one in 60 hours

The HAWK system isn't deployed anywhere, and Bitcoin doesn't use it. But is sitting in the same quantum race that Bitcoin developers are scrambling to finish.

Researchers Propose Quantum-Resistant System for Bitcoin Wallets

TLDR Researchers at AmericanFortress proposed ZKPoSP, a post-quantum signature system for crypto wallets. The method replaces elliptic curve signatures with zero-knowledge proofs. Existing wallet addresses would stay the same, so no fund migration is needed. Prototype tests showed proof generation took about 12 to 13 seconds. The proposal follows other post-quantum efforts, including work from Project Eleven and the new Bitcoin Security Consort…

Quantum Computing Giant Warns Bitcoin Could Face Future Security Threat

TL;DR D-Wave CEO Alan Baratz warns that advanced quantum machines could eventually challenge Bitcoin’s proof-of-work security. The company introduced an experimental quantum proof-of-work concept designed to improve mining efficiency. Experts say current quantum systems are not an immediate threat, while the crypto industry continues researching post-quantum solutions. Bitcoin faces a long-term security discussion after D-Wave CEO Alan Baratz w…

There's a New Way to Protect Bitcoin From Future Quantum Attacks, Researchers Say

New research outlines a cryptographic approach that could allow Bitcoin and other blockchain wallets to remain compatible with existing addresses in a post-quantum future.

D-Wave CEO Warns Quantum Computing Could Eventually Break Bitcoin's Proof-of-Work

BitcoinWorld D-Wave CEO Warns Quantum Computing Could Eventually Break Bitcoin’s Proof-of-Work Alan Baratz, chief executive of U.S. quantum computing firm D-Wave Systems, has warned that sufficiently advanced quantum computers could one day render Bitcoin’s proof-of-work (PoW) protocol ineffective. In an interview with Yahoo Finance, Baratz stated that it is clear future quantum systems will outperform the specialized hardware currently used fo…

Quantum Readiness Bill Puts Crypto Encryption Risks Back in Focus

Two senators introduced legislation to fast-track Pentagon quantum sensing, reviving questions about Bitcoin and Ethereum's long-term encryption security. Continue reading at DailyCoin.