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Bitcoin's Clock Is Ticking: Quantum Just Got Faster

There are an estimated 50 million Bitcoin wallets currently holding funds in formats that a sufficiently powerful quantum machine could eventually compromise.

By Sophia Borg 2 min read AI-written

Bitcoin's Clock Is Ticking: Quantum Just Got Faster

An AI system called HAWK cracked a cryptographic algorithm in 60 hours that would have taken conventional computers years, according to CoinDesk — and while Bitcoin does not use that specific algorithm, it sits inside the same quantum arms race that Bitcoin developers are now scrambling to win.

The detail matters. Bitcoin's long-term security rests on elliptic curve cryptography, a family of mathematical locks that quantum computing has always theoretically threatened. That threat has, until now, felt comfortably distant. HAWK has moved the timeline without anyone voting on it.

Bitcoin developers have been working on post-quantum upgrade proposals for several years, but no hard consensus exists on when — or how — to implement them without fracturing the network. A forced upgrade requires near-unanimous buy-in from miners, developers, and node operators across a decentralised system that, by design, answers to no one. There are an estimated 50 million Bitcoin wallets currently holding funds in formats that a sufficiently powerful quantum machine could eventually compromise.

HAWK is not deployed in any hostile state programme, as far as public reporting confirms. The operative word is public. Per CoinDesk, the system's developers described the result themselves as a warning, not a weapon. Bitcoin's price held above $118,000 on the news, which tells you something about how seriously markets are taking the long game — or how little they understand it.

The lock has not broken. But someone just found a faster drill.

The thing nobody in the crypto space wants to say out loud: the people most likely to solve this in time are also the people most incentivised to solve it quietly and cash out first.

Sophia Borg News & Politics Editor

Sophia Borg grew up in one of Malta's oldest families and spent her twenties proving she didn't need any of it — volunteering in Lagos, interning in Brussels, loving the wrong man in the south of France. She came back to Malta with a pen and a score to settle. Not with people. With the gap between what this island could be and what it keeps choosing instead. Politics is her beat because decisions made behind closed doors eventually arrive in ordinary lives. She follows that journey all the way to the doorstep.

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