{"id":7342,"date":"2022-02-09T00:34:52","date_gmt":"2022-02-09T00:34:52","guid":{"rendered":"http:\/\/egrowonline.com\/?p=7342"},"modified":"2022-02-09T00:34:52","modified_gmt":"2022-02-09T00:34:52","slug":"quantum-hackers-could-break-bitcoin-in-minutes-but-dont-panic-just-yet","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=7342","title":{"rendered":"Quantum hackers could break bitcoin in minutes, but don&#8217;t panic just yet"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-component=\"lazyloadImages\">\n<p class=\"speakableTextP1\">During the last decade, computational programming has evolved steadily and reached into the quantum domain, yielding mind-bending devices that promise unthinkable levels of power. <\/p>\n<p class=\"speakableTextP2\">In 2020, for instance, Chinese scientists tapped a quantum computer to run a math problem that would&#8217;ve taken a <a target=\"_blank\" href=\"https:\/\/www.nature.com\/articles\/d41586-020-03434-7\" rel=\"noopener noreferrer nofollow\" data-component=\"externalLink\">typical supercomputer 2.5 billion years to solve<\/a>. The quantum machine solved it in 200 seconds.\u00a0 <\/p>\n<div class=\"c-reengageNewsletter shortcode hasNewsletter newsletter-subscribe-form desktop\" data-track=\"reengageNewsletter-mapped\" data-component=\"newsletterAndInterest\" data-newsletter-and-interest-options=\"{\" id=\"\">\n<h5 data-reengage-hed=\"null\">Get the CNET Science newsletter<\/h5>\n<p>Unlock the biggest mysteries of our planet and beyond with the CNET Science newsletter. Delivered Mondays.<\/p>\n<\/p><\/div>\n<p>But the hype goes far beyond superhero calculations. Quantum computing holds the potential to transform how we interact with nature.\u00a0 <\/p>\n<p>It could hyperfast-track drug discovery by rapidly <span class=\"link\"><a target=\"_blank\" href=\"https:\/\/www.cnet.com\/tech\/computing\/ibms-first-retail-quantum-computer-in-the-us-headed-to-cleveland-clinic\/\" rel=\"noopener\">sifting through molecular structures<\/a><\/span>, a feat IBM has partnered with Cleveland Clinic to explore. It could <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2020\/12\/29\/opinions\/quantum-internet-opinion-lincoln\/\" rel=\"noopener noreferrer\" data-component=\"externalLink\">boost internet security toward near-unhackability<\/a>, earning <a target=\"_blank\" href=\"https:\/\/www.energy.gov\/articles\/us-department-energy-unveils-blueprint-quantum-internet-launch-future-quantum-internet\" rel=\"noopener noreferrer nofollow\" data-component=\"externalLink\">attention from the US Department of Energy<\/a>. Even manufacturing companies, such as automobile giant BMW, <a target=\"_blank\" href=\"https:\/\/www.cnet.com\/tech\/computing\/quantum-computers-will-help-solve-bigger-problems-in-2022\/\" rel=\"noopener\">have entered the quantum game<\/a> because it could perfect materials science and rewrite the framework for artificial intelligence.\u00a0 <\/p>\n<p>We could be on the verge of a\u00a0<a target=\"_blank\" href=\"https:\/\/singularityhub.com\/2017\/06\/25\/6-things-quantum-computers-will-be-incredibly-useful-for\/\" rel=\"noopener noreferrer nofollow\" data-component=\"externalLink\">quantum revolution<\/a>\u00a0where scientists can develop medication at record speeds, predict weather with incredible certainty and uncover new angles on physics.\u00a0 <\/p>\n<p>There&#8217;s a catch, though. <\/p>\n<p>Prototype quantum computers still work on relatively small scales. Qubits, the basic units in the quantum version of computer language, are the driving force behind a quantum PC&#8217;s power. Most current quantum processors top out at a few dozen qubits, and the largest processor, built by IBM, presently stands at <a target=\"_blank\" href=\"https:\/\/singularityhub.com\/2021\/11\/22\/ibms-127-qubit-eagle-is-the-biggest-quantum-computer-yet\/\" rel=\"noopener noreferrer nofollow\" data-component=\"externalLink\">127 qubits<\/a>. These numbers aren&#8217;t nearly enough for quantum breakthroughs. <\/p>\n<p>But what would be? In an attempt to judge how far along the quantum timeline we currently are, Mark Webber, a quantum architect at English startup Universal Quantum, and his team <a target=\"_blank\" href=\"https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075\" rel=\"noopener noreferrer nofollow\" data-component=\"externalLink\">calculated the amount of qubits one would theoretically need to hack<\/a> the formidable security system employed by\u00a0<span class=\"link\"><a target=\"_blank\" href=\"https:\/\/www.cnet.com\/personal-finance\/crypto\/what-is-bitcoin\/\" rel=\"noopener\">bitcoin<\/a><\/span>, the decentralized digital currency that&#8217;s been a volatile investment, <span class=\"link\"><a target=\"_blank\" href=\"https:\/\/www.cnet.com\/personal-finance\/crypto\/elon-musk-jack-dorsey-talk-future-of-bitcoin-and-cryptocurrency\/\" rel=\"noopener\">captured the attention of Elon Musk<\/a><\/span> and become the symbol of a looming revolution in finance. <\/p>\n<p>Short answer? Several millions more than IBM&#8217;s mere 127-qubit processor lighting the way. <\/p>\n<h2> Bitcoin&#8217;s quantum weakness<br \/><\/h2>\n<p>Bitcoin&#8217;s security system is considered ultra-secure against classical computers, which is why it offers a terrific way to gauge quantum computing power. It&#8217;s very complex, but here&#8217;s what you need to know for our purposes.\u00a0 <\/p>\n<p>Every time a transaction is made, two important things happen.\u00a0 <\/p>\n<p>A public key, available to everyone, and a secure private key, visible only to the spender, are generated. This key combo is then digitally &#8220;written&#8221; onto a ledger of monetary transactions within the system, <a target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/investing\/blockchain\" rel=\"noopener noreferrer nofollow\" data-component=\"externalLink\">aka a blockchain<\/a>.\u00a0 <\/p>\n<figure class=\"image image-large pull-none shortcode\"><span class=\"imageContainer\"><span><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.cnet.com\/a\/img\/_axA31fYdWi4Ojf9hWhUq__9lA0=\/1092x0\/2021\/02\/22\/7a977145-343c-457b-9e8a-8c55d2e7ba42\/bitcoin-crypto-cryptocurrency-btc-xrp-ripple-markets-2751.jpg\" class=\"\" alt=\"Bitcoin and other cryptocurrencies are becoming more popular\" height=\"728\" width=\"1092\" \/><\/span><\/span><figcaption><span class=\"credit\"><br \/>\n                                                    James Martin\/CNET<br \/>\n                                                <\/span><\/figcaption><\/figure>\n<p>After that, the transaction sort of &#8220;locks,&#8221; thereby preventing anyone from doing anything with the associated funds. But there&#8217;s a blindside: &#8220;When someone makes a transaction in bitcoin, it&#8217;s announced to the world, but it&#8217;s not completely secure until it has been integrated into the blockchain,&#8221; Webber said.\u00a0 <\/p>\n<p>In other words, between the public declaration of a transaction and the integration, there&#8217;s a vulnerability window. Within that window, the funds can, technically, be manipulated. I say technically because that&#8217;d require algorithms so utterly complex even the strongest supercomputers don&#8217;t have enough computing power to perform them &#8212; and you can forget about humans manually attempting to. Quantum computers may, eventually. <\/p>\n<p>&#8220;If you did have a quantum computer and it could function quickly enough, you could theoretically apply it to transactions routinely to re-divert [them] to a different address, for example,&#8221; Webber said.\u00a0 <\/p>\n<p>Though the window&#8217;s general ballpark ranges from 10 minutes to a day, Webber says its finiteness makes it a particularly good test for &#8220;We&#8217;ve got a desired runtime, how many qubits do we need?&#8221; <\/p>\n<p>But before we go any further, let&#8217;s discuss where all this qubit power originates. It&#8217;s thanks to two dazzling quantum features you won&#8217;t believe aren&#8217;t science fiction: superposition and entanglement.\u00a0 <\/p>\n<h2> Quick trip to qubit-land <\/h2>\n<p>Suppose I spin a coin on a table and ask, &#8220;Is it heads or tails?&#8221; You&#8217;d probably say, &#8220;What?&#8221; because my question doesn&#8217;t make much sense. Before the coin settles on a side, it essentially exists as both options <em>simultaneously<\/em>. Think of this dizzying coin as being in a &#8220;superposition.&#8221;\u00a0 <\/p>\n<p>If you interrupt its superposition to examine its fate &#8212; that is, make the coin stop spinning &#8212; you can&#8217;t bring back the exact state of limbo. Once you break superposition, it&#8217;s broken forever. <\/p>\n<p>Now let&#8217;s modify the case to include two coins spinning next to each other. This time, I have a condition: If coin A lands on heads, so will coin B. These coins are now interdependent, so to speak. Each coin&#8217;s superposition is &#8220;entangled&#8221; in the other&#8217;s.\u00a0 <\/p>\n<p>Adjustments to coin A&#8217;s superposition\u00a0<em>instantaneously<\/em> affect coin B&#8217;s. Even if only coin A stops spinning, for instance, you gain knowledge about coin B \u2013 thus breaking its superposition, too. This would ring true even if the coins are on opposite ends of the universe. <\/p>\n<figure class=\"image image-large pull-none shortcode\"><span class=\"imageContainer\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.cnet.com\/a\/img\/9O2_GfTR4cIVMrdKKnXcWopji_I=\/1092x0\/2022\/01\/28\/e7d6a177-5b8b-44a8-95ad-45c4f15c50ee\/gettyimages-623682717.jpg\" class=\" lazy\" alt=\"gettyimages-623682717\" height=\"757\" width=\"1092\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.cnet.com\/a\/img\/9O2_GfTR4cIVMrdKKnXcWopji_I=\/1092x0\/2022\/01\/28\/e7d6a177-5b8b-44a8-95ad-45c4f15c50ee\/gettyimages-623682717.jpg\" class=\"\" alt=\"gettyimages-623682717\" height=\"757\" width=\"1092\" \/><\/span><figcaption><span class=\"credit\"><br \/>\n                                                    Mark Garlick\/Getty Images<br \/>\n                                                <\/span><\/figcaption><\/figure>\n<p>OK, you&#8217;re probably thinking: These analogies sort of depend on the mind of the observer. You&#8217;re right. But that&#8217;s because we&#8217;re talking about coins. With quantum particles like electrons and photons, these things really, physically happen. <\/p>\n<p>Traveling back to the quantum computing-verse, superposition determines the state of a bit. Classical bits exist as either 0 or 1, but qubits, made of quantum particles, can be in superposition &#8212; 0 and 1 at the same time. Most importantly, they retrieve data while still in that state.\u00a0 <\/p>\n<p>As you can imagine, qubits zip through calculations at unfathomable speeds, testing several iterations <em>simultaneously<\/em> and entangling with other qubits to transmit information <em>instantaneously<\/em>. That&#8217;s the general gist. <\/p>\n<p>For context, Google and\u00a0<a target=\"_blank\" href=\"https:\/\/quantum-computing.ibm.com\/composer\/docs\/iqx\/guide\/the-qubit#link=%7B%22role%22:%22standard%22,%22href%22:%22https:\/\/quantum-computing.ibm.com\/composer\/docs\/iqx\/guide\/the-qubit%22,%22target%22:%22%22,%22absolute%22:%22%22,%22linkText%22:%22IBM%20quantum%20computers%22%7D\" rel=\"noopener noreferrer nofollow\" data-component=\"externalLink\">IBM quantum computers evenly<\/a>\u00a0distribute qubits on a grid, using what&#8217;s called superconducting quantum hardware. Adjacent qubits can entangle to communicate information. Webber&#8217;s company zeroes in on trapped ion hardware, which allows qubits to move freely and collaborate anywhere on a grid. Either way, though, more qubits equals exponentially more computing power.\u00a0 <\/p>\n<figure class=\"image image-large pull-none hasCaption shortcode\"><span class=\"imageContainer\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.cnet.com\/a\/img\/k5FVBI3W8amA-u7BfWBYadAwPkM=\/1092x0\/2020\/04\/29\/d5b7b8af-f4e1-4cf9-b2d0-da5f1abf9c2d\/ibm-quantum-computer-computing-qubit-7411.jpg\" class=\" lazy\" alt=\"ibm-quantum-computer-computing-qubit-7411\" height=\"729\" width=\"1092\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.cnet.com\/a\/img\/k5FVBI3W8amA-u7BfWBYadAwPkM=\/1092x0\/2020\/04\/29\/d5b7b8af-f4e1-4cf9-b2d0-da5f1abf9c2d\/ibm-quantum-computer-computing-qubit-7411.jpg\" class=\"\" alt=\"ibm-quantum-computer-computing-qubit-7411\" height=\"729\" width=\"1092\" \/><\/span><figcaption><span class=\"caption\"><\/p>\n<p>IBM&#8217;s quantum computer.<\/p>\n<p><\/span><span class=\"credit\"><br \/>\n                                                    James Martin\/CNET<br \/>\n                                                <\/span><\/figcaption><\/figure>\n<p>But how many of these qubits must sync up to take advantage of bitcoin&#8217;s vulnerability window?\u00a0 <\/p>\n<h2> Challenge accepted: Hack bitcoin<br \/><\/h2>\n<p>Here&#8217;s what we know so far: Bitcoin transactions have a window during which they&#8217;re vulnerable to quantum computers &#8212; but not classical computers and definitely not people. That&#8217;s because quantum systems are filled with qubits, firing away and performing calculations at speeds the human brain can barely comprehend.\u00a0 <\/p>\n<p>Using external research, Webber laid out how many qubits are needed to penetrate that window, uncovering some solid estimations. But recall the delicacy of qubits. If anything goes wrong in a quantum computer, superposition is interrupted and <em>all<\/em> the precious quantum data can be lost forever. And things go wrong. <\/p>\n<p>To prevent that disaster, quantum programmers do something rather intuitive. They just use more qubits. It&#8217;s called quantum error correction. <\/p>\n<figure class=\"image image-large pull-none hasCaption shortcode\"><span class=\"imageContainer\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.cnet.com\/a\/img\/5fbZeRR6Iw3KZr1ckOny1qlXplg=\/1092x0\/2022\/01\/28\/41a8d64e-e4e4-4807-8b0f-cc897185c21b\/gettyimages-1219946820.jpg\" class=\" lazy\" alt=\"gettyimages-1219946820\" height=\"728\" width=\"1092\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.cnet.com\/a\/img\/5fbZeRR6Iw3KZr1ckOny1qlXplg=\/1092x0\/2022\/01\/28\/41a8d64e-e4e4-4807-8b0f-cc897185c21b\/gettyimages-1219946820.jpg\" class=\"\" alt=\"gettyimages-1219946820\" height=\"728\" width=\"1092\" \/><\/span><figcaption><span class=\"caption\"><\/p>\n<p>A conceptual illustration of quantum particles operating and entangling with each other.<\/p>\n<p><\/span><span class=\"credit\"><br \/>\n                                                    Getty Images<br \/>\n                                                <\/span><\/figcaption><\/figure>\n<p>Saving for simplification, they throw an army of qubits at every computation to increase the chances of correct data. For example, if 9\/10 qubits offered the same solution, it&#8217;d be safe to say that&#8217;s correct.\u00a0 <\/p>\n<p>&#8220;To have one pretty high-quality, logical qubit &#8212; it&#8217;s not perfect, but it&#8217;s good &#8212; it&#8217;s something like 1,000 physical qubits for one,&#8221; Webber said. Thus, he multiplied his initial estimation by 1,000 to get a final answer.\u00a0 <\/p>\n<p>Bingo, it&#8217;d take about 317 million qubits to hack bitcoin in one hour. If you&#8217;re looking at a 10-minute window, &#8220;it would just be a larger number,&#8221; he said. &#8220;Probably six times more.&#8221; That would put the number of qubits into the billions. We&#8217;re not even close to that point just yet.<\/p>\n<p>&#8220;If you want to break it more slowly,&#8221; Webber added, &#8220;it requires less qubits overall &#8212; so something like 13 million to break it in one day.&#8221; <\/p>\n<p>Webber isn&#8217;t the only one thinking about how quantum computing could\u00a0<span class=\"link\"><a target=\"_blank\" href=\"https:\/\/www.cnet.com\/personal-finance\/crypto\/cryptocurrency-faces-a-quantum-computing-problem\/\" rel=\"noopener\">bypass cryptocurrency security<\/a><\/span>. The US National Institute of Standards and Technology, for instance, is on the hunt for quantum-proof cryptography algorithms to keep cryptocurrency secure, while the Ethereum Foundation is investigating notions of quantum resistance. \u00a0<\/p>\n<p>Though we&#8217;ve still got a ways to go before we arrive at a bitcoin quantum hack, Webber urges thinking about advances now: &#8220;Look at the transition of classical computing from vacuum tubes of 10 bits, or however many they had early on, to the extremes that we have now. <\/p>\n<p>&#8220;Surely, quantum computing will go through a similar transition.&#8221; <\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.cnet.com\/news\/quantum-hackers-could-break-bitcoin-in-minutes-but-dont-panic-just-yet\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the last decade, computational programming has evolved steadily and reached into the quantum domain, yielding mind-bending devices that promise unthinkable levels of power. In 2020, for instance, Chinese scientists tapped a quantum computer to run a math problem that would&#8217;ve taken a typical supercomputer 2.5 billion years to solve. The quantum machine solved it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[50,439,155,3562,299,4831,107],"class_list":["post-7342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-break","tag-dont","tag-hackers","tag-minutes","tag-panic","tag-quantum"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/microchip.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7342"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7342\/revisions"}],"predecessor-version":[{"id":7344,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7342\/revisions\/7344"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/7343"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7342"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}