ChainCatcher news, billionaire Chamath Palihapitiya stated in an online meeting that approximately 8000 Google quantum chips could crack SHA-256.Previously, Chamath Palihapitiya posted on X: "Quantum computing will pose a risk to v1 encryption methods, but the timeline is very unclear and not in the near term."

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that Bitcoin will not be cracked by quantum computers in this decade------and it is unlikely to happen even in the next decade. Do not be fooled by those who do not know what they are talking about, and by baseless FUD.

ChainCatcher message, regarding the recent market attention on the quantum computer chip Willow and the freezing of Satoshi Nakamoto's private key, Slow Mist founder Yu Xian quoted crypto researcher Jeffrey Scholz's tweet: "The current dozens of quantum gates are still millions of gates away from being able to crack Bitcoin private keys. Increasing this number of quantum gates is not easy, and the noise and error rates will also increase, ultimately resulting in a quickly produced waste in the real world... Let's worry about Satoshi's private key in a few decades."

ChainCatcher news, Google has announced the launch of its first quantum chip, Willow, raising concerns about the potential decryption of private keys to steal user funds.Bernstein analyst Gautam Chhugani wrote in a report that the 105-qubit chip is still far from the millions of qubits needed to actually attack the Bitcoin Elliptic Curve Digital Signature Algorithm (ECDSA) and the Secure Hash Algorithm (SHA-256).The analyst stated, "Should Bitcoin contributors start preparing for a quantum future? Yes, but any actual threat to Bitcoin seems to be decades away."It is reported that ECDSA is a cryptographic algorithm used to protect private keys and enable digital signatures for Bitcoin transactions. SHA-256 ensures the integrity of the Bitcoin ledger by hashing transaction data, playing a crucial role in the mining process through Bitcoin's proof-of-work mechanism.

ChainCatcher message, Starknet posted on platform X: "Just a reminder, Starknet is supported by a quantum-resistant proof mechanism."

ChainCatcher message, regarding Google CEO Sundar Pichai's announcement of the new generation quantum computing chip Willow, Ethereum co-founder Vitalik commented and asked, "What is the largest semiprime you can factor?"Additionally, in response to a question from a user in the comments section about "how to formulate a plan to lead in quantum-resistant cryptography and integrate it with current blockchains (like Ethereum)?", Vitalik replied, "This question has been widely discussed in a recent blog post."

ChainCatcher news, Google (GOOG.O) CEO Sundar Pichai stated that its newly released quantum computing chip Willow is an important step in building useful quantum computers, with practical applications in drug discovery, fusion energy, battery design, and more. Its breakthrough can exponentially reduce errors as we use more qubits, solving a challenge that has persisted in the field for 30 years.In benchmark tests, Willow completed a "standard benchmark computation" in less than five minutes, while even the fastest supercomputers today would take "10 to the power of 25" years to complete this computation ------ a number far exceeding the age of the universe.

ChainCatcher news, Ava Labs founder Emin Gün Sirer stated, "While the latest developments in quantum computing are astonishing, they do not pose a threat to the security of cryptocurrencies, at least not at this moment! As for the question of whether Satoshi's 1 million bitcoins might be at risk from quantum threats, it uses a very old payment public key (P2PK) format, which exposes the public key and gives attackers time. As QC becomes a threat, the Bitcoin community may want to consider freezing Satoshi's tokens, or more generally, providing a shutdown date and freezing all tokens on P2PK utxos."

ChainCatcher message, Ethereum founder Vitalik posted on X: "Quantum computing is the biggest driving force. Whether we like it or not, externally owned accounts (EOA) will eventually disappear in the future, as quantum computing will ultimately break ECDSA."

ChainCatcher news, according to Hong Kong media Ming Pao, the Vice Chairman of the Asian Financial Technology Association and a part-time lecturer at the University of Hong Kong's School of Professional and Continuing Education, Chan Wing-fung, stated that asset tokenization has become the hottest application of blockchain in the financial industry. The use of "post-quantum cryptography (PQC)" technology can maintain and even enhance the security of blockchain. Recently, a fintech startup in Hong Kong also announced plans to issue the world's first post-quantum stablecoin, using post-quantum encryption technology to protect transactions and assets. This stablecoin is pegged to the US dollar at a 1:1 ratio and uses post-quantum encryption algorithms to ensure transaction security.

ChainCatcher News: Chinese scientists have launched the world's first effective attack on a widely used encryption method using a quantum computer. Researchers stated that this breakthrough poses a "real and significant threat" to the cryptographic protection mechanisms long used by critical sectors, including banking and the military.Although the progress of general quantum computing has been slow and currently poses no threat to modern cryptography, scientists have been exploring various attack methods using specialized quantum computers.In the latest work led by Wang Chao at Shanghai University, the team reported that they successfully cracked encryption algorithms using a quantum computer produced by Canada's D-Wave Systems. Leveraging D-Wave's advantages, they successfully attacked the Present, Gift-64, and Rectangle algorithms, all of which are representatives of the SPN (Substitution-Permutation Network) structure, a part of the widely used Advanced Encryption Standard (AES) in military and financial applications. For example, AES-256 is considered the best available encryption and is often referred to as military-grade encryption.

ChainCatcher message, Ord.io announced on platform X that the Liquidium Runes airdrop has started. OMB, Quantum Cats, Pizza Ninjas, Bitcoin Puppets, and NodeMonkes holders can check their wallets to confirm whether they have received the airdrop.

ChainCatcher news, the Monetary Authority of Singapore (MAS) has committed to invest SGD 100 million (USD 74.36 million) to enhance its financial sector's quantum computing and artificial intelligence capabilities, aiming to help local financial institutions build quantum computing infrastructure and accelerate the development and adoption of artificial intelligence.

ChainCatcher news, the World Economic Forum (WEF) recently issued a serious warning about the potential vulnerability of central bank digital currencies (CBDCs) to decryption attacks from quantum computer systems.Quantum computers are largely still in the experimental stage. Various proofs of concept exist, and a few laboratories claim to have solved quantum system customization problems that traditional binary computers cannot resolve in a reasonable time. However, it will still take a long time to achieve true implementation.In a blog post on May 21, WEF mentioned this danger, stating that "central banks must embed cryptographic flexibility into CBDC systems to defend against quantum network attacks on payment infrastructure."

ChainCatcher news, according to Cointelegraph, Professor Massimiliano Sala from the University of Trento in Italy recently discussed the future of blockchain with the Ripple team, particularly the potential threat of quantum computing to cryptographic technologies. Professor Sala emphasized that the maturity of quantum computing technology could pose a serious threat to existing cryptographic methods, thereby bringing risks to the entire blockchain technology system. He pointed out that quantum computers will be able to easily solve the fundamental problems of digital signatures, undermining the security mechanisms that protect user assets on blockchain platforms. He proposed the concept of "Q Day," which refers to the moment when quantum computers become powerful enough and accessible enough for malicious actors to break traditional cryptographic methods.While this will have far-reaching implications for any field where data security is critical—including emergency services, infrastructure, banking, and defense—it could theoretically destroy the world of cryptocurrencies and blockchain. Sala suggested that to address this potential risk, all traditional public key cryptosystems should be replaced with corresponding systems that can withstand quantum attacks. Although practical quantum computers capable of performing such operations have not yet emerged, governments and research institutions around the world are already preparing for the arrival of Q Day. Professor Sala expressed satisfaction with the progress in the field of quantum computing and recommended that blockchain developers maintain close collaboration with cryptographic experts who understand modern systems' quantum protection standards and innovations to face this challenge together.