IonQ Study: 20,000 Qubits Could Break Bitcoin Encryption Within 26 Days
IonQ researchers have published what they call the first complete, end-to-end resource estimate for breaking Bitcoin's secp256k1 elliptic-curve cryptography using a fault-tolerant quantum computer. The study concludes that approximately 19,397 physical qubits — far fewer than previously thought — would be sufficient to crack the encryption in under 26 days using an optimized version of Shor's algorithm. The team's approach, built on the Walking Cat trapped-ion architecture with quantum error-correction codes, maps every operation to actual hardware primitives rather than relying on theoretical approximations. IonQ's own hardware roadmap targets systems of this scale by 2028, pushing earlier 2030s timelines significantly forward and raising urgent concerns for blockchain security. The findings have drawn attention from both private industry and governments, accelerating efforts to develop quantum-resistant cryptographic standards.
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