Related papers: Downtime Required for Bitcoin Quantum-Safety
The key cryptographic protocols used to secure the internet and financial transactions of today are all susceptible to attack by the development of a sufficiently large quantum computer. One particular area at risk are cryptocurrencies, a…
The development of quantum computing threatens the security of our currently widely deployed cryptographic algorithms. While signicant progress has been made in developing post-quantum cryptography (PQC) standards to protect against future…
Quantum computation represents a threat to many cryptographic protocols in operation today. It has been estimated that by 2035, there will exist a quantum computer capable of breaking the vital cryptographic scheme RSA2048. Blockchain…
The advent of quantum computing threatens the security of traditional encryption algorithms, motivating the development of post-quantum cryptography (PQC). In 2024, the National Institute of Standards and Technology (NIST) standardized…
Quantum computer is no longer a hypothetical idea. It is the worlds most important technology and there is a race among countries to get supremacy in quantum technology. Its the technology that will reduce the computing time from years to…
Bitcoin already faces a quantum threat through Shor attacks on elliptic-curve signatures. This paper isolates the other component that public discussion often conflates with it: mining. Grover's algorithm halves the exponent of brute-force…
A widespread security claim of the Bitcoin system, presented in the original Bitcoin white-paper, states that the security of the system is guaranteed as long as there is no attacker in possession of half or more of the total computational…
The transition to post-quantum cryptography in blockchain systems such as Bitcoin and Ethereum is often framed as a purely cryptographic problem. In practice, it also presents significant economic and infrastructural challenges: in globally…
We investigate how hardware specifications can impact the final run time and the required number of physical qubits to achieve a quantum advantage in the fault tolerant regime. Within a particular time frame, both the code cycle time and…
Quantum computing threatens to undermine classical cryptography by breaking widely deployed encryption and signature schemes. This paper examines enterprise readiness for quantum-safe cybersecurity through three perspectives: (i) the…
Bitcoin is a peer-to-peer electronic cash system invented by Nakamoto in 2008. While it has attracted much research interest, its exact latency and security properties remain open. Existing analyses provide security and latency (or…
Simple closed-form upper and lower bounds are developed for the security of the Nakamoto consensus as a function of the confirmation depth, the honest and adversarial block mining rates, and an upper bound on the block propagation delay.…
Bitcoin is a "crypto currency", a decentralized electronic payment scheme based on cryptography which has recently gained excessive popularity. Scientific research on bitcoin is less abundant. A paper at Financial Cryptography 2012…
As quantum computing advances toward practical deployment, it threatens a wide range of classical cryptographic mechanisms, including digital signatures, key exchange protocols, public-key encryption, and certain hash-based constructions…
The emergence of quantum computing presents a formidable challenge to the security of blockchain systems. Traditional cryptographic algorithms, foundational to digital signatures, message encryption, and hashing functions, become vulnerable…
Bitcoin is a digital currency and payment system based on classical cryptographic technologies which works without a central administrator such as in traditional currencies. It has long been questioned what the impact of quantum computing…
Cryptocurrency mining processes always lead to a high energy consumption at considerably high production cost, which is nearly one-third of cryptocurrency (e.g. Bitcoin) price itself. As the core of mining process is based on SHA-256…
The wide success of Bitcoin has led to a huge surge of alternative cryptocurrencies (altcoins). Most altcoins essentially fork Bitcoin's code with minor modifications, such as the number of coins to be minted, the block size, and the block…
Our aim is to determine conditions for quantum computing technology to give rise to security risks associated with quantum Bitcoin mining. Specifically, we determine the speed and energy efficiency a quantum computer needs to offer an…
Quantum computing is an emerging technology with potentially far-reaching implications for national prosperity and security. Understanding the timeframes over which economic benefits and national security risks may manifest themselves is…