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New Quantum Break Claim Sparks Bitcoin Security Debate

BeInCrypto
A researcher's claim of using quantum computing to break a small 15-bit elliptic curve key has ignited debate regarding Bitcoin's long-term security.

Summary

Project Eleven recently awarded a prize to Giancarlo Lelli for breaking a 15-bit elliptic curve key using a quantum computer, which they claim demonstrates progress toward real-world quantum threats. While proponents see this as a shift from theory to execution, critics argue the method relied on classical verification rather than pure quantum computation. Because Bitcoin utilizes 256-bit keys, there is no immediate risk, though the event highlights the ongoing and complex challenges of preparing decentralized networks for future quantum advancements.

(Source:BeInCrypto)