AI Agents Drastically Reduce Quantum Attack Cost on Bitcoin
- Researchers reduced the cost of a quantum attack on Bitcoin and Ethereum by 86%, from a benchmark of 10.75 billion to just over 1.496 billion.
- The leading design utilized only 1,151 logical qubits and about one million Toffoli gates, compared to Google’s previous higher benchmark.
- The research was conducted by teams from Eigen Labs, Trail of Bits, StarkWare, Theta Labs, MultiVM Labs, and the Ethereum Foundation.
- Binance‘s Bitcoin reserves reached a two-year high at approximately 693,000 BTC.
- Ethereum developers are preparing for an upgrade launch on October 6 for Sepolia.
The collaboration among researchers significantly decreased the resources needed for a potential quantum attack on major cryptocurrencies like Bitcoin and Ethereum using AI agents. This development raises awareness about the urgency of making these systems quantum-resistant by set deadlines such as Ethereum’s December 2029 target.
These advancements highlight the rapid pace of technological progress in cryptography and its implications for cryptocurrency security frameworks.(Source)
