Quantum Computing Got 20x Closer. It Threatens A Third of All Bitcoin
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US with thirty days of Hey, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. Thanks for joining this livestream. Before we get started, a quick reminder, nothing you hear on Unchained is investment advice. This show is for informational and entertainment purposes only, and my guests and I may hold assets discussed on the show. For more disclosures, visit unchainedcrypto.com. Introducing Nexo, the premier digital wealth platform. Receive interest on your digital assets. Borrow against them without selling. Trade a variety of cryptocurrencie
It's a pleasure to be here. It's a great pleasure.
So the two big news stories, this morning, they are about breakthroughs in quantum computing, and these likely change the timeline for when crypto and blockchains need to have post quantum technology. And that deadline is now three years away, at least according to this Google paper. So that's 2029. Google announced it had published this white paper showing that future quantum computers could break elliptic curve cryptography, which here's certain crypto assets. For example, the public keys in Bitcoin and Ethereum. They actually didn't fully describe the vulnerabilities and how they did this.
Yeah, absolutely. I think so there's a couple of notable pieces. First off, first thing that was a notable was Google, right? So Google and not just Google, right? But a member of the Ethereum Foundation, actually Justin Drake, leads the Ethereum Foundation was a co author, as well as Dan Bonnet, who's a prominent Stanford professor. So I think the, you know, lends that some credibility to, I think, what some have been saying about this problem for a while. So that's that's thing one. I think thing two, you already mentioned it was a zero knowledge proof. They kinda described the circuit or th
Yeah. Yeah. I mean, I was reading this and I was like, wow, Google knows a lot about crypto assets.
Well, Dan, you know, Dan does know a lot about crypto.
That is true. That is true. And Justin contributed. So the other bit of news involves your company, Delev or Atomic. And you announced that you have your own breakthrough in the quantum computing world. Can you share what it is that your company announced?
Yes. So we put out a paper on archive. It is not yet peer reviewed, although we believe that the results are technically sound. And the title of the paper is Shor's algorithm as possible with as few as 10,000 reconfigurable atomic qubits. There's a lot to unpack there. At a high level, what I will say is that I know there's been a lot of talk about quantum computers for a long time, and it always is one of those things that's ten years away, and there's a lot of promises that quantum companies make, etcetera. But it's clear that we're crossing a moment that it's going to actually be different.
Yeah. And so the first, or not the first, but the one that you talked about in your paper is basically a leap of 20 times essentially, or the threshold has been lowered that much from what was it? The 5,000,000 to the or I forget the numbers you you gave.
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