Analysts at investment bank Bernstein, a Wall Street broker with an active presence in the digital asset ecosystem, released a report on quantum threats to Bitcoin on April 8, asserting that the risks are real but manageable and do not represent an existential threat to the protocol.
The report estimates that the ecosystem has the following impacts: between 3 and 5 years Complete the transition to quantum computer-resistant cryptographic standards.
“Quantum computing should not be viewed as a risk but as a medium- to long-term system upgrade cycle,” the researchers, led by Bernstein analyst Gautam Chughani, wrote.
The measures Bernstein deemed necessary include new wallet standards, reduced address reuse, and key rotation.
The company also recognizes recent advances in quantum, including the Google Quantum AI paper. Requires up to 20x fewer quantum resources As reported by CriptoNoticias, the deadline for breaching the Bitcoin cryptocurrency is closer than previously estimated.
According to the Bernstein report, Bitcoin (BTC)’s most vulnerable exposure is concentrated in older wallets (P2PK, public key payments). Stores approximately 1.7 million BTCThe data is consistent with estimates from other companies participating in the discussion, including financial asset management firm Grayscale and analytics firm CoinShares.
Bernstein said the network’s core functionality, particularly mining based on the SHA-256 algorithm, remains effectively secure even in advanced quantum scenarios, consistent with CriptoNoticias’ description.
With this report, Bernstein joins a growing list of institutional actors taking public positions in the post-quantum debate. While this threat is immediate for some, it is more cautious for other experts such as Adam Back and Samson Moe.
(Tag to translate)Bitcoin (BTC)
