Bitcoin Developer Adam Back Dismisses 'Quantum Hack' Claim as Misleading

iconCoinEdition
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
Bitcoin developer Adam Back called recent claims of a "quantum hack" misleading, pointing out that Bitcoin uses 256-bit encryption, far stronger than the 15-bit key reportedly cracked. The method used was replicable with classical computers, and experts say current quantum systems lack the power to break it. While quantum risk-to-reward ratio remains a concern for the future, developers are working on solutions like BIP-361. Traders should monitor support and resistance levels as the market reacts to the debate.
  • Adam Back has strongly pushed back against the claim, saying it’s wrong and misleading.
  • A researcher reportedly demonstrated that a quantum computer could crack a 15-bit ECC key.
  • BTC uses 256‑bit encryption, which is hugely different and about 2²⁴¹ times more complex.

News of the first quantum hack in crypto has rattled the industry, but prominent Bitcoin voice Adam Back has strongly pushed back, calling it wrong and misleading.

It all started when a researcher reportedly demonstrated that a quantum computer could crack a 15-bit ECC crypto key, leading some to speculate that Bitcoin’s security might already be at risk.

The development comes from a contest called the “Q‑Day Prize,” in which researchers try to crack elliptic curve cryptography (ECC) using quantum machines. It was reported that a 15‑bit ECC key was cracked, apparently using quantum hardware, and the researcher got paid 1 BTC for pulling it off.

However, Bitcoin uses 256‑bit encryption, not 15‑bit, which is a massive difference, and about 2²⁴¹ times (a number so large it has over 70 zeros) more complex. Additionally, Back dismissed the claims outright due to the fact that the method used was not even a true quantum cryptographic breakthrough.

It was said that the same results could be pulled off with classical (non-quantum) computers.

The original post reporting the “quantum hack” also got a community note on X stating: “The method used to recover the 15-bit ECC key relies on classical verification of outputs indistinguishable from random noise, equivalent to classical guessing.”

Quantum Risk Is Long-Term

Although this particular claim has been exaggerated, experts agree that quantum computing remains a genuine long‑term concern for cryptography.

In the future, quantum computers could crack ECC, expose private keys from public addresses, and hit Bitcoin, Ethereum, and most of today’s encryption.

Some, such as QCP Group, have stated that quantum isn’t just a crypto problem and that it could impact the whole internet, even banking systems.

However, today’s quantum computers are far too weak to break 256-bit encryption. Experts note the serious risk is still years, if not decades, down the road.

For instance, Bernstein analysts said the quantum threat is real but manageable in the foreseeable future. Adam Back himself stated that the quantum threat is not immediate.

That being said, recently, several Bitcoin developers have proposed the BIP-361 (Bitcoin Improvement Proposal) to protect against future quantum threats. The plan is to freeze about 34% of all Bitcoin to stop potential theft by future quantum computers.

Related: Coinbase Raises Alarm Over Quantum Risk to Bitcoin and Crypto Wallets

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.