New Quantum Model Reduces Hardware Needed to Crack Bitcoin Private Keys by 17 Times

According to Techub News, a new quantum computing model research shows that the quantum hardware resources needed to crack Bitcoin's elliptic curve cryptography (ECC) can be reduced to 1/17 of the original amount. This model uses an improved quantum circuit design, enabling a more efficient execution of Shor's algorithm targeting ECC. Researchers state that this lowers the theoretical hardware threshold for future quantum computers to pose a threat to Bitcoin's security. (CoinDesk)