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Report: The number of physical qubits required to crack Bitcoin keys could fall to approximately 30000 units

PANews October 30 reported, citing CoinDesk and The Quantum Insider, that quantum computing company Alice & Bob published research stating that, based on its cat qubit architecture, cracking the 256-bit elliptic-curve key (ECDLP-256) would require approximately 29588 physical qubits and take approximately 62 minutes, about March fewer hardware units than Google's estimate this year of fewer than 500000 units, a reduction of approximately 17 times. As this duration is still longer than Bitcoin's average block time of approximately 10 minutes, funds would still be difficult to steal before transaction confirmation, but more than 6000000 pieces BTC held at addresses with exposed public keys face greater risk. The research remains a theoretical estimate; Alice & Bob expects hardware advances and declining resource requirements to converge in the early 2030 s, and calls for Bitcoin to begin its post-quantum migration as soon as possible. In addition, the research estimates that cracking RS...