QCP: Quantum risk truly exists and is a systemic issue, not limited to cryptocurrencies

BlockBeats message, April 1, QCP said in a post that a recent Google paper has once again sparked discussions about quantum computing and the security of cryptography—especially the elliptic curve cryptography (ECC) used by Bitcoin and Ethereum. This is a long-term structural issue, not an immediate market risk; this distinction is extremely important. ECC’s security is based on the elliptic curve discrete logarithm problem, which protects private keys and makes it computationally nearly impossible to derive private keys from public keys. However, this same standard also safeguards the security of banking networks, encrypted communications, and global financial infrastructure (such as the SWIFT system). Therefore, if quantum computing breaks ECC, the impact would be global—not limited to digital assets.

From a technical standpoint, there is still a long way to go before the computational power required to break ECC is available. As of now, the scale of the world’s most advanced quantum systems is only a small fraction of that threshold, lagging by roughly 1,000x, which means that carrying out a practical attack is still very far off. Digital assets would also not be the primary target of attack. Global banking systems and sensitive communications infrastructure would be more direct—and higher-value—targets.

QCP said that because this risk has been recognized, traditional finance and the crypto industry are actively investing in post-quantum security and upgrade paths. The protocol community is exploring mitigation strategies, and global standards continue to evolve. Quantum computing is a long-term issue that requires industry focus and preparation—not a reason to re-evaluate digital assets in the near term. Current media headlines are ahead of reality. No quantum systems are currently capable of executing such attacks at scale. Once the relevant technologies mature in the future, it will be a coordinated system-wide upgrade, rather than an event targeting only cryptocurrencies. This should be understood as a future technical transition, not an immediate market shock.