Breaking the Blockchain: How Quantum Computing Can Crack Cryptographic Algorithms

Quantum computing could damage blockchains by cracking private keys, but we’re not there yet. We’ll explore the threat & the race to quantum-resistant crypto.

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Date

May 08, 2025

Author

Quantum Canary Staff

0 min read
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Back in 2015, we were forging a decentralized future—secure, transparent, and free from centralized control. The crypto world felt unstoppable. 

A decade later, that vision still burns bright. But there’s a shadow on the horizon: quantum computing. Can quantum computing break blockchain? The science says yes. It’s not a question of if quantum computing will disrupt blockchain, but when and what we can do about it.

The Quantum Threat Unveiled

At its core, blockchain’s security rests on cryptography—specifically, algorithms like elliptic curve cryptography (ECC) that underpin Bitcoin and most other cryptocurrencies. These systems rely on a simple but powerful idea: it’s computationally infeasible to reverse-engineer a private key from a public key. That’s the lock keeping your crypto assets safe. Enter quantum computing, and suddenly, that lock looks more like a rusty gate.

Quantum computers, unlike classical ones, leverage qubits and superposition to solve certain problems exponentially faster. One such problem? Factoring large numbers and cracking discrete logarithm-based systems, like those protecting your wallet. With a sufficiently powerful quantum computer running Shor’s algorithm, a malicious actor could derive your private key from your public key in a fraction of the time it takes today’s supercomputers. 

Translation: they could drain your accounts, forge transactions, and undermine the trust that holds blockchain together.

Imagine a world where every Bitcoin public key you’ve ever exposed in a transaction becomes a target. That’s the quantum threat we’re staring down.

An incomplete timeline of quantum computing

Can Quantum Computing Break Blockchain? Not Quite Yet

The good news is that the sky isn’t falling quite yet. Current quantum computers, like those from IBM or Google, are still in their infancy. They’re noisy, error-prone, and nowhere near the millions of stable qubits needed to break ECC at scale. As of February 2025, the most advanced quantum machines can handle toy problems, not the cryptographic heists of dystopian headlines. The blockchain remains intact, and your sats are safe for now.

But quantum progress is accelerating. A 127-qubit machine today could be a 1,000-qubit beast in a decade, or sooner if breakthroughs pile up.

The Race to Quantum Resistance

The blockchain community isn’t sitting idly by, and neither should you. The answer lies in post-quantum cryptography—algorithms designed to withstand Shor’s algorithm and its ilk.

The answer lies in quantum-resistant cryptography—algorithms designed to withstand Shor's algorithm and its ilk.

Take lattice-based cryptography, for instance. Unlike ECC, it’s built on mathematical problems that even quantum computers struggle to crack. Projects like Ethereum are already exploring post-quantum signatures, while Bitcoin researchers debate hard forks to integrate quantum-safe solutions. 

The catch? Transitioning to quantum resistance is a messy, multi-year process, involving new standards, updated wallets, and community consensus. But it’s doable. If we can all work together, this is just the next hill to climb.

What This Means for You

So, where does that leave us? If you’re holding crypto, don’t panic—today’s quantum computers aren’t coming for your keys. But don’t sleep on this either.

  • Familiarize yourself with NIST standards: They continue to be a leading resource regarding post quantum cryptography

  • In addition, reuse addresses sparingly; every exposed public key is a future risk if quantum leaps forward

  • If you’re a developer, start brushing up on post-quantum algorithms because your next project might need them

  • If you’re an investor, keep an eye on teams prioritizing quantum readiness. The winners in this space will be the ones who see the threat and the opportunity

To keep up with the latest in blockchain technology and quantum computing, join us on X and .

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Editor-in-Chief
Christopher Smith

Serial Entrepreneur, Hacker, Engineer, Musician.
With a rich career in AI leadership, blockchain innovation, and quantum technology, Chris brings a unique blend of technical mastery and philosophical insight. He continues to push the boundaries of what's possible, driven by a belief that technology, wielded thoughtfully, can redefine humanity's future for the better.

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