Google Warns Quantum Computers Could Crack Bitcoin-Like Encryption 20 Times Faster Than Expected

New research by Google suggested that RSA encryption, a critical security feature used in securing Bitcoin (CRYPTO: BTC), may be more susceptible to quantum computing attacks than previously anticipated.

What Happened:  Google Quantum AI researcher Craig Gidney published a new paper indicating that RSA encryption could be broken with 20 times fewer quantum resources than previously estimated.

“We published a preprint demonstrating that 2048-bit RSA encryption could theoretically be broken by a quantum computer with 1 million noisy qubits running for one week. This is a 20-fold decrease in the number of qubits from our previous estimate,” Gidney wrote in a blog post.

A qubit is the basic unit of information used to encode data in quantum computing, …

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