StarkWare says estimated cost of quantum-safe Bitcoin transactions reduced to 66 USD
BIBIBI
AT A GLANCE
StarkWare says the estimated computational cost of quantum-secure Bitcoin transactions GPU has been reduced to 66 USD, but actual transaction re-verification has not yet been completed.
PANews September 24 reported, citing CoinDesk, that StarkWare said the estimated computational cost of preparing a quantum-safe Bitcoin transaction GPU has fallen from approximately 320 USD to 66 USD(a cost reduction of approximately 79%). The related transaction was previously mined on the Bitcoin network on August, and the preparation process used approximately 100 blocks GPU, with a cumulative total of approximately 3100 hours of computing time. 320 USD refers only to the computational cost before the transaction is recorded on-chain and does not include Bitcoin network fees. However, 66 USD is currently only an estimate based on test results; the optimized code has not yet been validated in another actually mined Bitcoin transaction. The related approach is intended to address the risk that future quantum computers may derive private keys from public keys and steal Bitcoin. It could serve as an interim measure before Bitcoin implements a more comprehensive quantum-safe solution, but it still has limitations, including that the transaction must...
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Key points
01
StarkWare stated that the estimated computational cost required to prepare a quantum-safe Bitcoin transaction GPU has fallen from approximately 320 USD to 66 USD。
02
The original text stated that the cost was reduced by approximately 79%。
03
The relevant transaction was previously mined on the Bitcoin network August.
04
The previous preparation process used approximately 100 blocks GPU, totaling approximately 3100 hours of computation time.
05
Approximately 320 USD refers only to the computational cost before the transaction is recorded on-chain and does not include Bitcoin network fees.
06
66 USD is an estimate based on test results.
07
The optimized code has not yet been verified in another actually mined Bitcoin transaction.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This proposal attempts to incorporate technology to mitigate future quantum computing risks during the Bitcoin transaction preparation stage. StarkWare said that the estimated GPU computational cost has declined significantly, but 66 USD it is not the final cost after verification in another actual on-chain transaction, and it excludes Bitcoin network fees.
Why it matters to readers
If the relevant proposal is validated in an actual transaction, the lower computational cost could make quantum-safe transactions easier to implement. At this stage, it is described as a contingency measure before Bitcoin adopts a more comprehensive quantum-safe solution, rather than a fully validated solution.
Ordinary users do not need to take action based on this for now; they can continue to monitor whether the optimized code can pass validation through an actual Bitcoin transaction and whether the actual total cost remains close to the estimate.
Risks and unknowns
66 USD It is only a test estimate and has not yet been verified in another actually mined Bitcoin transaction.
66 USD This excludes Bitcoin network fees and therefore does not represent the transaction's total cost.
The original text is truncated at “including the relevant transaction must...”; the specific limiting conditions cannot be confirmed.
The original text provides no validation or time assessment as to whether and when future quantum computers will be able to derive private keys from public keys.
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BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
