SAEDNEWS: Quantum Doomsday Clock Project Predicts Bitcoin Could Be Vulnerable Within Two Years
According to the digital currency service of SaedNews, citing Arz Digital, a project called the Quantum Doomsday Clock predicts that quantum computing technology could completely compromise Bitcoin’s current network security in approximately 2 years and 4 months, ushering the cryptocurrency into a new era.
The initiative was designed by Richard Carback, founder of the quantum-resistant xx network, and Colton Dillion, co-founder of Gentlemen Labs. The model calculates the approximate time when quantum computers could reach a stage capable of breaking elliptic curve (ECC) and RSA encryption algorithms, thus undermining current blockchain security.
According to the clock’s estimates, achieving “quantum supremacy” could occur by 2028. However, the designers warned that if tech companies focus on increasing the number of qubits rather than reducing error rates, this could happen even sooner.
Cryptocurrency experts have long cautioned that quantum computing could pose a serious threat to the security of Bitcoin and other cryptography-based networks. Although initiatives like BIP-360 are being developed to counter this risk, they are not yet a top priority.
The designers of the clock say the project’s main goal is to alert the crypto community to strengthen their security infrastructure before a potential “quantum collapse.”
