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arXiv · 2105.01815

Vulnerability of Blockchain Technologies to Quantum Attacks

Joseph J. Kearney·Carlos A. Perez-Delgado
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Abstract

Quantum computation represents a threat to many cryptographic protocols in operation today. It has been estimated that by 2035, there will exist a quantum computer capable of breaking the vital cryptographic scheme RSA2048. Blockchain technologies rely on cryptographic protocols for many of their essential sub-routines. Some of these protocols, but not all, are open to quantum attacks. Here we analyze the major blockchain-based cryptocurrencies deployed today -- including Bitcoin, Ethereum, Litecoin and ZCash, and determine their risk exposure to quantum attacks. We finish with a comparative analysis of the studied cryptocurrencies and their underlying blockchain technologies and their relative levels of vulnerability to quantum attacks.

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Joseph J. Kearney, Carlos A. Perez-Delgado. 2021-05-05. Vulnerability of Blockchain Technologies to Quantum Attacks. https://doi.org/10.1016/j.array.2021.100065

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