Google Recognizes XRP Ledger’s Quantum Efforts Amid New Quantum Threat to Bitcoin, Ethereum

Boluwatife Adeyemi
Updated
Boluwatife Adeyemi

Boluwatife Adeyemi

Senior Journalist
Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
Read full bio
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
an image to represent the Google quantum report on XRP Ledger, Bitcoin and Ethereum

Highlights

  • Google highlighted how the XRP Ledger is already experimenting with post-quantum protocols.
  • Meanwhile, Bitcoin faces an increased risk of an on-spend attack.
  • The Google report noted five quantum attack paths which Ethereum is at risk of.

A new Google quantum report has highlighted new quantum vulnerabilities for Bitcoin, Ethereum, and other networks. The report also highlighted efforts by the XRP Ledger (XRPL), which could help guard against these quantum threats.

Google Quantum Report Acknowledges XRP Ledger’s Efforts

In its latest quantum crypto whitepaper, Google noted that the XRP Ledger and other networks, such as Solana, have made early experimental deployments of post-quantum protocols in a bid to achieve post-quantum security for crypto assets.

The Google quantum report further highlighted how the XRPL recently deployed post-quantum ML-DSA signatures on the testnet as part of the efforts to tackle these vulnerabilities. This comes just as Ripple revealed efforts to boost the XRPL’s security, including integrating AI across the development cycle.

The report noted that blockchain networks such as Ethereum, Solana, TRON, and the XRP Ledger make long-term exposure of quantum-vulnerable public keys inevitable. However, Google suggested that TRON and XRPL can better handle this vulnerability as they support native, protocol-level key rotation. Modern Ethereum and Solana accounts support key rotation, but legacy accounts remain at risk.

Bitcoin At Risk Of An On-Spend Attack

The Google quantum report noted that the Bitcoin network is now at greater risk of an on-spend attack due to advances in quantum technology. In a blog post, Google Research stated that it estimates two quantum circuits implementing Shor’s algorithm for ECDLP-256 (256-bit elliptic curve discrete logarithm problem) can be executed on “a superconducting qubit CRQC with fewer than 500,000 physical qubits in a few minutes.”

They noted that this is around a 20x reduction in the number of physical qubits that a quantum computer requires to solve ECDLP-25. The ECDLP-256 is what top-layer 1 networks such as Bitcoin rely on for critical aspects of their security.

In Bitcoin’s case, it is at risk of an on-spend attack, as the average block time is 10 minutes. Meanwhile, the Google quantum report estimates that it could take 9 minutes for a superconducting qubit CRQC (cryptographically relevant quantum computer) to derive private keys from public keys in the mempool and then forge a transaction, thereby stealing the BTC.

Risk of on-spend attack
Source: Google’s Quantum Crypto Whitepaper

Google currently estimates a 41% success rate under the most idealized assumptions. This would involve the attacker artificially creating network congestion by possibly offering higher fees to miners, giving them enough time to obtain the private keys and have their forged transactions frontrun the original spender.

Ethereum Faces A Different Kind Of Quantum Threat

The Google quantum report noted that Ethereum’s quantum security posture is very different from Bitcoin’s, as the former has an average block time of 12 seconds, and most transactions are processed in less than a minute. As such, it is unlikely for the network to face an on-spend attack.

However, the report noted that the main quantum threat against Ethereum lies in various at-rest attacks. It is worth noting that Ethereum’s co-founder, Vitalik Buterin, had previously mapped quantum risks to the network, highlighting four areas of vulnerabilities, including consensus-layer BLS signatures.

Ways Ethereum faces quantum attacks
Source: Google Quantum Crypto Whitepaper

Google stated that Ethereum has three prominent features that differentiate it from Bitcoin, and that these also give it five types of quantum vulnerabilities. These features include the account model, smart contracts, and validators, which create vulnerabilities in account, admin, code, consensus, and data availability.

Google recently shifted the quantum threat timeline to 2029, aiming to transition to post-quantum cryptography (PQC) by then. The research report noted that migrating these networks to PQC involves many complexities, but that networks such as the XRP Ledger have shown that it is possible.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
AD
BestChange

Instant Currency Exchange at BestChange with Ease

  • Compare Rates Across 1000+ Exchanges
  • Access 250+ Cryptocurrencies & Pairs
  • Save Time with Real-Time Price Tracking
BestChange
coingape google news

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Newsletter
Your crypto brief.
Delivered every day.
  • Insights that move markets
  • 100,000 active subscribers
By signing-up you agree to our Terms and Conditions and Privacy Policy.
About Author
About Author
Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.