Stanford cryptographer Dan Boneh says quantum computers will not break Bitcoin

Stanford University professor Dan Boneh said quantum computers are not a fatal threat to Bitcoin, arguing that the network can adapt by moving to post-quantum addresses. Boneh, who co-directs Stanford’s Applied Cryptography Group, said the cryptographic issue is understood and can be handled through protocol upgrades rather than alarm. Bitcoin currently relies on elliptic curve cryptography, specifically ECDSA, which in theory could be weakened by a sufficiently powerful quantum computer able to solve the discrete logarithm problem and recover private keys from public keys. Boneh said the technical path is clear even if some details remain unresolved, and pointed to Bitcoin’s history of absorbing prior scaling and security changes. He also said there is no immediate reason for panic because large-scale fault-tolerant quantum computers are still years away. NIST has already finalized several post-quantum algorithms in 2024, underscoring that the broader transition away from quantum-vulnerable schemes is already underway.

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