US DOE launches $215M quantum race: risks for Bitcoin
- —Prize fund of the Quantum Genesis Q competition is up to $215 million
- —Requirement: at least 100 logical qubits and hundreds of millions of reliable operations
- —Google: breaking Bitcoin's ECC-256 will require 1,200–1,450 logical qubits
- —Glassnode: 6.04 million BTC (30.2% of issuance) is vulnerable due to exposed public keys
Why it matters: Quantum progress accelerates debate over migrating Bitcoin to post-quantum signatures (BIP-360/361), which could take years.
Source: BeInCrypto ES