Crypto firms upgrade wallets against quantum threats

Crypto companies are updating their wallets to guard against potential quantum computing risks to major networks like Bitcoin and Ethereum.

Crypto firms are actively upgrading wallets to address the emerging threat from quantum computing. The effort aims to safeguard assets on networks including Bitcoin and Ethereum before any vulnerabilities arise. Gaps in current protections remain according to reports on the initiative.

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Illustration of Bitcoin quantum computing risks focusing on exchange wallets and protective solutions.
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Bitcoin quantum risks concentrate on exchange wallets, data shows

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New analysis reveals that over 30 percent of Bitcoin's supply sits in wallets vulnerable to future quantum attacks, with exchanges holding a disproportionate share of the exposure. A startup has proposed a soft-fork solution to protect even dormant holdings, including Satoshi Nakamoto's estimated 1.1 million coins.

Andrew Gault warns that bitcoin faces a greater quantum threat from encrypted messages moving between institutions than from exposed wallet keys. He points to a harvest-now-decrypt-later strategy already in use by adversaries.

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A group of leading cryptographers convened by Coinbase has called for Bitcoin to begin preparing for potential quantum attacks, while refusing to take a stance on whether vulnerable coins should be frozen.

Dua studi terbaru menunjukkan komputer kuantum dapat meretas kriptografi kurva eliptik—yang mengamankan bank, lalu lintas internet, dan mata uang kripto seperti Bitcoin—dengan jumlah qubit yang jauh lebih sedikit dari perkiraan sebelumnya: sekitar 10.000-30.000 untuk satu pendekatan atau 500.000 untuk pendekatan lainnya. Para peneliti menyoroti kemajuan perangkat keras yang pesat, mendesak peralihan ke standar pasca-kuantum.

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Ireland’s government has introduced measures to address risks from crypto assets. A new national risk assessment identifies crypto-asset misuse as one of the country’s top threats. The plan includes tighter checks on crypto funds.

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