Show notes
Google just set a deadline. Quantum computers could break Bitcoin's encryption by 2029. Are blockchains ready?Sponsored by NexoNexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at http://nexo.com/unchainedGoogle and Oratomic published quantum computing research on the same day, and together they redraw the timeline for when blockchains need to be post-quantum secure.Google's paper, co-authored by Ethereum Foundation researcher Justin Drake and Stanford cryptographer Dan Boneh, estimates 2029 for breaking the elliptic curve cryptography that protects Bitcoin and Ethereum.Oratomic's findings are sharper: utility-scale quantum computers may need only 10,000 qubits, not the millions previously assumed, and the company already has 6,000 in the lab.With 6.7 million BTC in vulnerable addresses and a newly identified 9-minute attack window on unspent Bitcoin transactions, the question is no longer whether blockchains need to migrate. It's whether they can do it fast enough.Guests: Alex Pruden, Co-Founder & CEO, Project Eleven Dolev Bluvstein, CEO of OratomicLinks: Unchained: Q-Day Is Imminent. Can Bitcoin Survive the Quantum Threat? Solana Deploys Post-Quantum Signatures on Testnet Is Nic Carter Exaggerating Bitcoin's Quantum Risk? Yes, Says One Core Dev Research Papers: Google: Securing Elliptic Curve Cryptocurrencies Against Quantum Vulnerabilities Oratomic: Shor's Algorithm with as Few as 10,000 Reconfigurable Atomic Qubits (arXiv) Caltech: Useful Quantum Computers Could Be Built with as Few as 10,000 Qubits Companies & Tools: Project Eleven Project Eleven: Yellow Pages Oratomic BIP 360: Pay-to-Merkle-Root (P2MR) Standards & Infrastructure: NIST Post-Quantum Cryptography Standards Cloudflare: State of the Post-Quantum Internet Google Quantum AI: Willow & Error Correction Algorand: Quantum-Resistant Falcon SignaturesLearn more about your ad choices. Visit megaphone.fm/adchoices
