Researchers at Caltech announced that a functional quantum computer may be feasible by 2030, requiring only 10,000 to 20,000 qubits rather than the millions previously estimated. The revised timeline comes as Google's Quantum AI team identified approximately 6.9 million BTC as potentially vulnerable to quantum attacks, though no such capable machine currently exists.
The Caltech findings suggest the crypto industry faces a compressed timeline to develop quantum-resistant security measures. Bitcoin and other cryptographic systems relying on current encryption standards could face theoretical attack vectors once quantum computers reach the projected capability threshold, prompting ongoing discussions about protocol upgrades and post-quantum cryptography adoption.
Sources: BSCNews
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