Securing Elliptic Curve Cryptocurrencies against Quantum Vulnerabilities: Resource Estimates and Mitigations

Quantum Physics [Submitted on 30 Mar 2026] Securing Elliptic Curve Cryptocurrencies against Quantum Vulnerabilities: Resource Estimates and Mitigations Ryan Babbush, Adam Zalcman, Craig Gidney, Michael Broughton, Tanuj Khattar, Hartmut Neven, Thiago Bergamaschi, Justin Drake, Dan Boneh This whitepaper seeks to elucidate implications that the capabilities of developing quantum architectures have on blockchain vulnerabilities and mitigation strategies. First, we provide new resource estimates for breaking the 256-bit Elliptic Curve Discrete Logarithm Problem, the core of modern blockchain cryptography. We demonstrate that Shor's algorithm for this problem can execute with either <1200 logical qubits and <90 million Toffoli gates or <1450 logical qubits and <70 million Toffoli gates. In the interest of responsible disclosure, we use a zero-knowledge proof to validate these results without disclosing attack vectors. On superconducting architectures with 1e-3 physical error rates and planar connectivity, those circuits can execute in minutes using fewer than half a million physical qubits. We introduce a critical distinction between fast-clock (such as superconducting and photonic) and slow-clock (such as neutral atom and ion trap) architectures. Our analysis reveals that the first fast-clock CRQCs would enable on-spend attacks on public mempool transactions of some cryptocurrencies. We survey major cryptocurrency vulnerabilities through this lens, identifying systemic risks associated with advanced features in some blockchains such as smart contracts, Proof-of-Stake consensus, and Data Availability Sampling, as well as the enduring concern of abandoned assets. We argue that technical solutions would benefit from accompanying public policy and discuss various frameworks of digital salvage to regulate the recovery or destruction of dormant assets while preventing adversarial seizure. We also discuss implications for other digital assets and tokenization as well as challenges and successful examples of the ongoing transition to Post-Quantum Cryptography (PQC). Finally, we urge all vulnerable cryptocurrency communities to join the ongoing migration to PQC without delay. Comments: 57 pages, 14 figures Subjects: Quantum Physics (quant-ph); Cryptography and Security (cs.CR) Cite as: arXiv:2603.28846 [quant-ph]   (or arXiv:2603.28846v1 [quant-ph] for this version)   https://doi.org/10.48550/arXiv.2603.28846 Focus to learn more Submission history From: Ryan Babbush [view email] [v1] Mon, 30 Mar 2026 17:59:25 UTC (1,034 KB) Access Paper: view license Current browse context: quant-ph < prev   |   next > new | recent | 2026-03 Change to browse by: cs cs.CR References & Citations INSPIRE HEP NASA ADS Google Scholar Semantic Scholar Export BibTeX Citation Bookmark Bibliographic Tools Bibliographic and Citation Tools Bibliographic Explorer Toggle Bibliographic Explorer (What is the Explorer?) Connected Papers Toggle Connected Papers (What is Connected Papers?) Litmaps Toggle Litmaps (What is Litmaps?) scite.ai Toggle scite Smart Citations (What are Smart Citations?) Code, Data, Media Demos Related Papers About arXivLabs Which authors of this paper are endorsers? | Disable MathJax (What is MathJax?)