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Researchers from the crypto industry and academia have sharply lowered their estimate of the core computational resources needed to attack Bitcoin and Ethereum’s ECDSA with a quantum computer, The Block reported.
The circuit developed by the researchers uses 1,151 logical qubits and 1.3 million Toffoli gates, while the resource cost metric fell 86% over about two months to 1.496 billion. That is less than half of a benchmark previously presented by Google. The researchers added the work does not represent a real-world attack implementation and does not account for factors such as physical error correction.