BlockBeats News, December 31 — ElizaOS founder Shaw shared his views on “Quantum Computing Threat to Bitcoin.” Its realization is much farther off than current media reports suggest. For hash functions like SHA-256, Grover’s algorithm only reduces the search space from 2²⁵⁶ to 2¹²⁸, but 2¹²⁸ remains unbreakable. Shor’s algorithm can theoretically crack RSA/ECDSA encryption, but current quantum computers typically rely on preprocessing or known factors for optimization, and are not pure Shor algorithm implementations. To crack Bitcoin, a real-time network, it would require rapid repeated execution. If feasible, all encrypted data would be exposed, and Bitcoin would then be a minor issue. Modern cryptography has always assumed future computational growth; quadratic acceleration was anticipated and considered decades ago. Whenever you see fear or hype around quantum computing, remember: these people know nothing at all.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin reclaims $72K after US, Iran agree to 2-week ceasefire
Bitcoin surged past $72,000 after a two-week ceasefire between the US and Iran was announced. Traders often react positively to eased geopolitical tensions, despite overall market fear.
Cointelegraph46m ago
U.S. Spot Bitcoin ETFs See $471.3 Million Inflows Led by BlackRock
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced substantial inflows at the beginning of the week, marking the strongest single-day performance in over six weeks. On Monday, Bitcoin ETFs attracted $471.3 million in net inflows. This surge reversed the previous month’s outflows and
CryptoBreaking49m ago
Iran’s Bitcoin hashrate falls 77% over the past quarter amid conflict
Iran’s hashrate has plummeted over the past quarter amid an ongoing conflict with the US and Israel, though the war itself has not dragged down global hashrate, according to a new report from Hashrate Index.
Iran has lost roughly 7 exahashes per second (EH/s) quarter-over-quarter, said Ian
Cointelegraph55m ago
BlackRock withdrew 2,607 BTC and 28,391 ETH from a certain CEX, for a total value of approximately $237 million
Gate News message: On April 8, according to monitoring by Onchain Lens, BlackRock withdrew 2,607 BTC from a certain CEX, worth approximately $178 million. It also withdrew 28,391 ETH, worth approximately $59 million.
GateNews56m ago
Trader “set 10 big targets first,” closed BTC and ETH long positions, with cumulative profits exceeding $12 million
Gate News message, April 8, the trader "set 10 big goals first" (@Jason60704294) disclosed on social media that he has closed out his BTC and ETH long positions, choosing to take profit and exit. In this trade, his 4x leverage long on BTC generated a profit of about $12.12 million, and his 2x leverage long on ETH generated a profit of about $728k, for a total profit of more than $12 million.
GateNews1h ago
Bitcoin vaults past $72,000 as U.S. stock futures surge on a two‑week U.S.–Iran ceasefire
Bitcoin and U.S. stocks surged following Trump's announcement of a two-week ceasefire with Iran, while oil prices fell sharply. The easing geopolitical tensions led to increased risk appetite, resulting in significant liquidations of leveraged crypto futures positions.
CoinDesk1h ago
