It might be too late for bitcoin’s quantum migration, Project Eleven report argues
A Project Eleven report warns that quantum computing could compromise billions in assets and critical infrastructure by 2030, making urgent migration efforts necessary.Summary
A new 110-page report from Project Eleven warns that the rise of quantum computing threatens over $3 trillion in digital assets, along with global banking, military communications, and cloud infrastructure. The report highlights that “Q-Day”—when quantum computers gain the power to crack current elliptic curve cryptography—could occur as early as 2030. Because migration to post-quantum cryptography requires massive, coordinated action across decentralized networks, the authors argue that the process is significantly more complex for Bitcoin than for centralized systems. Consequently, the window for a successful security transition is rapidly closing, posing a difficult challenge for the blockchain’s future governance and fixed-supply integrity.
(Source：CoinDesk)