Bitcoin Researcher Reviews Google's Quantum Paper: 10% Probability of Quantum Breaking Bitcoin by 2032

BlockBeats News, March 31st: Bitcoin security researcher and Ethereum Foundation researcher Justin Drake published an article discussing the quantum computing threat to Bitcoin's security.

Justin Drake believes that the research findings in Google's Quantum AI whitepaper are conservative. "By 2032, there is at least a 10% chance that a quantum computer could recover the secp256k1 ECDSA private key from a leaked public key. While the emergence of a cryptographically significant quantum computer (CRQC) by 2030 still feels unlikely, now is undoubtedly the time to start preparing."

Justin Drake also stated that achieving a commercially viable Bitcoin proof-of-work through the Grover algorithm is not on the short-term horizon. "We are talking decades, or even centuries, ahead. This observation should help focus the discussion on ECDSA and Schnorr. As an unofficial Bitcoin security researcher, I still believe that Bitcoin's proof-of-work has failed due to the reduction in security budget."