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Google Willow Quantum Chip Raises Concerns for Early Bitcoin Addresses

(3 hours ago) · 1 source · Summarized by CryptoBipto

Google's new Willow quantum computing chip has renewed discussion about the vulnerability of early Bitcoin addresses, including those from the Satoshi era. These older addresses use a format that exposes public keys, which could theoretically be cracked by sufficiently powerful quantum computers. Current quantum technology is not yet capable of breaking Bitcoin's cryptography, but the gap is narrowing.

WHY IT MATTERS

Quantum computers work very differently from regular computers. While a normal computer processes information in bits (0s and 1s), a quantum computer uses "qubits" that can represent multiple states at once, allowing it to solve certain math problems much faster. Bitcoin's security relies on math problems that are extremely hard for normal computers to solve — specifically, figuring out a private key (like a secret password) from a public key (like a username). Think of it like this: it is easy to mix two paint colors together, but nearly impossible to separate them back out. Quantum computers could theoretically "unmix the paint." Early Bitcoin addresses are more exposed because they display their public key openly, like leaving your username visible for anyone to try to crack. Newer addresses hide the public key until coins are actually spent, adding a layer of protection. While no quantum computer today can actually break Bitcoin's security, each advance in the technology brings more attention to the question of when — and how — Bitcoin might need to upgrade its defenses.

Bitcoin addresses created in the earliest days of the network, including those associated with Bitcoin's pseudonymous creator Satoshi Nakamoto, used a format known as Pay-to-Public-Key (P2PK).

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SOURCES

  • coindesk.com

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BTCQuantum ComputingBitcoin SecurityCryptographySatoshi Nakamoto