Elon Musk, in a discussion about IBM's advancements in quantum computing, conversed with AI chatbot Grok, which provided unexpected insights regarding Bitcoin's security against potential threats from quantum technologies.
Assessment of Quantum Computers' Threat
According to Grok, the probability of quantum computers breaking Bitcoin's SHA-256 algorithm within the next five years is effectively zero. This assessment remains in single digits until 2035 unless there is an unprecedented leap in hardware capabilities.
Development of Quantum-Resistant Algorithms
Despite the low short-term risk, the Bitcoin developer community is exploring quantum-resistant algorithms to ensure long-term security. Several Bitcoin Improvement Proposals outline potential upgrades should a credible threat emerge. Ethereum's core team has also drafted a 10-year plan to strengthen its network against quantum attacks.
Conclusions and Current Market Status
The renewed interest in quantum computing coincides with the crypto market's recovery after a sharp correction. Bitcoin recently fell below $112,000 but rebounded close to $114,000, while Ethereum holds just above $3,500. Grok's verdict indicates Bitcoin's cryptography is secure for years to come, yet the race between blockchain and quantum technology is just beginning.
Thus, while the risk of quantum technologies threatening Bitcoin appears minimal in the near term, developers continue to work on enhancements to prepare for potential future challenges.
