According to PANews, Google quantum researcher Craig Gidney published a paper stating that the quantum resources required to crack 2048-bit RSA encryption have decreased by 20 times compared to the 2019 prediction. New research shows that a quantum computer with fewer than one million noisy qubits can complete the decryption in one week.
Currently, the most advanced IBM Condor quantum computer has only 1,121 qubits and poses no real threat, but IBM plans to launch a 100,000-qubit model by 2033, while Quantinuum aims for full fault tolerance by 2029.
The cryptocurrency sector is already working on quantum-resistant solutions, with Solana developing a quantum vault, and Vitalik proposing a fork to counter the threat. The quantum research organization Project 11 has established a prize of $85,000 for teams that crack a simplified version of Bitcoin's encryption.
The National Institute of Standards and Technology in the United States recommends phasing out vulnerable systems gradually after 2030, and Google research suggests that this timeline may need to be expedited.
