Can Quantum Computing REALLY Hack Bitcoin Network?

Quantum computing
Quantum computing

LUCKNOW ( — Quantum computing is a supervillain every Bitcoin fan should be afraid of, according to Professor Massimiliano Sala from the University of Trento. The mathematician issued a warning about the future of blockchain security, cautioning that current encryption methods like digital signatures rely on math problems that are extremely hard for today’s classical computers to solve.

The professor delivered this message during a recent lecture hosted by Ripple as part of their university blockchain research series.

Ripple shared insights into Quantum computing
Source: Ripple on X

Sala’s concerns revolve around a hypothetical scenario known as “Q-day”. This is the point when quantum computing becomes advanced enough for malicious actors to crack classical encryption methods. He stressed that all “public-key cryptosystems should be replaced with quantum-resistant counterparts” to protect user assets on blockchain platforms.

Quantum computing capabilities don’t yet pose an imminent threat. However, Sala noted that major breakthroughs are happening rapidly at academic and commercial labs globally. A powerful future quantum computer could break the math-based encryption (a “blockchain apocalypse” event) used to secure cryptocurrencies like Bitcoin.

“Quantum computers could easily solve problems foundational to digital signatures, undermining mechanisms that protect users’ assets,” Sala warned.

A Call for Quantum Computing-Safe Cryptography

Though some dismiss Q-day as extremely unlikely anytime soon, cryptography experts like Sala are taking the quantum computing threat seriously. Scientists at major institutions like MIT, Google, IBM, and universities globally have already demonstrated quantum computing breakthroughs.

This has sparked an arms race to develop new “post-quantum” or “quantum-resistant” cryptographic algorithms that can withstand quantum hacking attempts. Promising potential replacements include cryptographic techniques based on solving complex lattice math problems or decoding linear codes.

Related Post: First EU Country Implements QANplatform’s Quantum-Resistant Technology

However, integrating these advanced quantum-resistant crypto methods across blockchains is a big challenge that could require rebuilding the core encryption infrastructure.

Sala also praised global initiatives like the NIST standardization process. These efforts are uniting to establish common quantum-safe cryptography standards through rigorous community evaluation.

He also emphasized updating academic curricula to train future cryptographers in these emerging quantum-resistant methods rather than solely traditional techniques like integer factorization.

Additionally, he recommended blockchain teams actively participate in standardization forums and collaborate with quantum encryption experts to prepare for the quantum era.

A Reckoning for Blockchain?

While Professor Sala acknowledged that extremely powerful quantum computers may not be available immediately, he emphasized that the potential impact of such an event is too catastrophic to ignore or underestimate.

The probability of these quantum threats actually happening may not be right around the corner, but it is still significant enough that we need to take proactive measures

Sala warned.

Blockchain encryption technology globally secures trillions of dollars in finance, legal transactions, and cryptocurrency. A scenario where quantum computers can break that encryption could be one of the worst digital nightmares for modern civilization. Sala’s wake-up call may be just what the industry needed to drive serious quantum-safe advancement before theoretical quantum hacking threats become all too real.

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