- Giancarlo Lelli performed the largest known quantum attack on Bitcoin’s encryption model.
- His feat is a 512-fold jump from the previous record.
- Bitcoin enthusiasts are scrambling for ideas to deal with the quantum computing threat.
Bitcoin’s timeline to deal with quantum computers just got a little bit shorter.
A researcher called Giancarlo Lelli performed the largest known quantum attack on elliptic curve cryptography, the standard that secures Bitcoin, Ethereum, and a vast majority of the $2.6 trillion crypto market. Lelli’s breakthrough is a 512-fold jump from the previous record.
Even though the result doesn’t break Bitcoin, it suggests something pretty unsettling. Progress towards breaking the $1.5 trillion network is…
