QCP Broadcast: Quantum risk is not unique to the crypto industry; it is primarily a long-term structural risk.

PANews reported on April 1st that, according to QCP Broadcast, Google's latest paper has reignited market concerns about quantum computing breaking elliptic curve cryptography (ECC), but the current risk is primarily long-term structural rather than a short-term market shock. QCP points out that ECDLP-256, which supports the security of Bitcoin and Ethereum private keys, is also widely used in banking networks, SWIFT, and other financial and communication infrastructure; its breach would pose a systemic risk. The paper estimates that breaking this standard would require approximately 1,200-1,450 logical qubits, corresponding to approximately 500,000 to 1.2 million physical qubits, while existing subsystems still differ by about 1,000 times. The actual risk is mainly concentrated in the signature layer of old wallets with exposed public keys, and the traditional financial and crypto industries have already promoted quantum-resistant standards and migration paths through NIST PQC and other initiatives.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
OpenEden launches HYBOND to tokenize its BNY high-yield bond strategy.
PANews Newsflash