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▲ Bitcoin (BTC), Quantum Security/AI Generated Image
The long-term security risks to the Bitcoin (BTC) network have come to the forefront as the U.S. Department of Energy (DOE) announced a competition to develop 100-qubit quantum computers.
According to cryptocurrency media outlet BeInCrypto on September 17 (local time), the U.S. Department of Energy announced the 'Quantum Genesis Q Competition' to implement at least 100 logical qubits by 2028. The plan is to invest a total of $215 million in private companies to accelerate the commercialization of fault-tolerant quantum computers with real computational reliability.
However, the immediate risk of Bitcoin's Elliptic Curve Digital Signature Algorithm (ECDSA) system being compromised is low. Current physical qubit technology has high noise and error rates, and has not yet reached the level required to decrypt Bitcoin's public keys. Analysis suggests that truly threatening Bitcoin's cryptographic system would require at least several hundred to over 800 logical qubits and hundreds of thousands of physical qubits.
The problem lies more in the slow upgrade speed inherent in Bitcoin's governance than in the pace of technological development. In the Bitcoin ecosystem, which lacks a central controlling entity, a hard fork consensus among all participants must precede a transition to a quantum-resistant cryptographic system. It is pointed out that if disagreements within the community over whether to freeze early wallet addresses whose public keys have already been exposed drag on, technical preparations could be delayed.
Market experts evaluate that the DOE's large-scale funding injection could accelerate the commercialization of quantum technology. The key challenge for long-term trust has emerged as whether the community can achieve a swift hard fork consensus within the given time before quantum computers can truly threaten Bitcoin's cryptography.
[Article Summary]
-The U.S. Department of Energy launched a $215 million competition to develop 100-logical-qubit quantum computers by 2028.
-The risk of short-term security collapse is low due to the large gap with the computational power required to decrypt Bitcoin's cryptography.
-Achieving a hard fork consensus within the Bitcoin community regarding the transition to quantum-resistant cryptography was identified as a key challenge, more so than technological advancement.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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