Ethereum Founder Buterin's Public Warning
Quantum Computer Begins Decoding Bitcoin's Encryption... New York Stock Exchange Cryptocurrency - IonQ Rigetti "Divergent Fates"
Quantum Computer Begins Decoding Bitcoin's Encryption... New York Stock Exchange Cryptocurrency - IonQ Rigetti "Divergent Fates" / Photo = Reuters
Ethereum founder Buterin pointed out that quantum computer technology has begun decoding Bitcoin's encryption. Ethereum co-founder Vitalik Buterin emphasized that quantum computing can threaten cryptocurrencies. While cryptocurrency encryption has not been completely broken by quantum computers, the fact that decryption has begun deserves attention. There is a point that cryptocurrency hacking defenses and encryption protection functions need to be more sophisticated. Buterin warned at the Ethereum Community Conference that the cryptocurrency industry has reached an inflection point, emphasizing that decentralization must evolve beyond mere marketing language to become genuine user protection. He presented practical benchmarks such as resilience against the disappearance of founding companies or insider attacks, urging investors to carefully examine the fundamental security and decentralization of the protocols they invest in, beyond superficial hype.
As quantum computer technology advances and decryption becomes possible, the fates of IonQ, Rigetti, and D-Wave, which are leading the quantum computer industry, are diverging from those of cryptocurrencies like Bitcoin, Ethereum, and Ripple on the New York Stock Exchange. Solana co-founder Anatoly Yakovenko warned that the Bitcoin (BTC) ecosystem must urgently strengthen its security, noting that a breakthrough in quantum computing could come within five years. He argued that Bitcoin must be converted to a quantum-resistant signature scheme. According to the New York Stock Exchange and cryptocurrency industry on the 30th, Solana's Yakovenko noted at the All-In Summit 2025 that the pace of technological advancement is remarkably fast. He urged the Bitcoin community to prepare, stating that just as artificial intelligence is transitioning from the research phase to practical implementation at a very fast pace, quantum computing could also soon become a reality. While cryptocurrencies protect transaction data through cryptographic techniques, concerns are growing that future quantum computers could decrypt them in an instant. Yakovenko's comments reflect this anxiety, pointing to the need for Bitcoin's security system to undergo fundamental changes. While it remains unclear whether quantum computing will materialize as an actual threat, statements from industry leaders are sparking discussions about transitioning security systems across Bitcoin and the broader cryptocurrency industry.
A warning has been issued that an unknown threat called 'Q-Day' is approaching the cryptocurrency market. Cryptocurrency media outlet Blockchain analyzed on the 5th (local time) the threat quantum computing poses to the cryptocurrency market, including Bitcoin, under the headline "Emergency Q-Day Warning: Quantum Computing Poses Fatal Risk to Bitcoin (BTC) and Ethereum (ETH), 4 Million BTC Vulnerable." According to analysis by Altcoin Gordon (@AltcoinGordon), the risk of 'Harvest Now, Decrypt Later' attacks, where currently encrypted blockchain data is stolen in advance for future decryption using quantum computers, could become a reality. This means that while quantum computing cannot currently break cryptocurrency encryption, encrypted data could be stolen and stored in advance for future use. Later, when quantum computers advance, they could be used to unlock the encryption and steal the cryptocurrency.
The quantum threat is no exception for Ethereum (ETH). Ethereum co-founder Vitalik Buterin has already proposed an emergency hard fork solution to convert Ethereum to a quantum-resistant chain. This is an essential measure to transition the network to a state capable of preparing for quantum attacks, but analysts point out that it could cause significant downtime and market disruption. Researchers at Kent University estimate that implementing quantum encryption on the Bitcoin network could result in up to 75 days of downtime, foreshadowing serious market disruption that could go beyond a simple technical upgrade. Despite the massive shadow of quantum threats, the cryptocurrency market continues to achieve technological advancement. In particular, demand for improved utility and scalability generates new trading flows.
In the Bitcoin ecosystem, the mainnet launch of Botanix, a Layer 2 network designed to provide Bitcoin with functionality similar to Ethereum, is drawing attention. Botanix plans to reduce block generation time from 10 minutes to 5 seconds and enable EVM (Ethereum Virtual Machine) compatibility, allowing vast capital stored in Bitcoin to be utilized in decentralized finance (DeFi). This has the potential to fundamentally change Bitcoin's investment strategy, attracting new capital and development flows that could provide long-term support for Bitcoin's price.
Quantum computer stocks on Wall Street and the New York Stock Exchange are drawing attention. Rigetti, D-Wave Quantum, and IonQ are listed on the New York Stock Exchange.
Kim Dae-ho, Director of Global Economics Research Institute tiger8280@g-enews.com
------------------------------------------------- Article ends here --------------------------------------------------
I think the logic is flawed.... If that logic is right, then it means all existing financial encryption, etc. would all be broken...
First...how about trying to break SHA-512? ㅎㅎㅎ
