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Google Suggests Quantum Attacks on Cryptocurrency Encryption May Require Fewer Resources

Google Suggests Quantum Attacks on Cryptocurrency Encryption May Require Fewer Resources

Google researchers report that improved quantum algorithms could break widely used cryptocurrency encryption with fewer resources.

According to the white paper, solving the elliptic curve discrete logarithm problem may require roughly 1,200 logical qubits and under 500,000 physical qubits, with attack times measured in minutes on sufficiently advanced systems.

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