A collaborative research project involving over 100 participants and AI agents has reduced the quantum resources required for a key arithmetic step in attacking Bitcoin and Ethereum's elliptic-curve signatures by 86%. The study focused on reversible point addition over the secp256k1 curve used in Shor’s algorithm to recover private keys. Although the work significantly lowers the resource estimate, it is not a practical attack yet, as current quantum computers cannot run the full algorithm at cryptographic scale. The findings help blockchain networks plan their transition to post-quantum cryptography, highlighting the urgency due to exposed value from reused public keys and older address formats.
ETHFI surged 7.8% in 24 hours to $0.7345, leading crypto gainers despite a 2.1% drop in the total market cap. Bitcoin remains dominant at 58.2% with a price around $77,277. The rise in ETHFI reflects growing investor interest in restaking tokens and ...
Zcash mining currently generates about $708 per megawatt-hour (MWh) of electricity, nearly four times the $179 per MWh earned by Bitcoin mining with comparable equipment. This higher gross revenue is driving new miners and institutional players to Zc...
XRP's price volatility has sharply decreased ahead of the US Senate's vote on the CLARITY Act and the Federal Reserve's interest rate decision, causing the price to stabilize around $1.34–$1.37. Historically, such low volatility phases for XRP have l...
Bitcoin briefly fell to about $76,050 following the release of the US inflation report, which showed a 0.4% increase in the Consumer Price Index for August and a core inflation rise of 0.3%, slightly above expectations. Despite this, Bitcoin quickly ...
Grayscale Research reveals that while Bitcoin miners earn about $35 million daily in total compared to Zcash's $2 million, Zcash mining rigs generate roughly twice the daily revenue of Bitcoin rigs. Additionally, Zcash mining is about four times more...
