​Crypto’s Quantum Problem

​Google new paper puts real numbers on resource estimate for breaking secp256k1 — the signature curve behind both networks. We will break down:

• ​The updated attack cost

• ​The paper’s three attack models — on-spend, at-rest, and on-setup

• ​Why Bitcoin and Ethereum are exposed in very different ways. Bitcoin’s key issue is the mempool window during spends; Ethereum’s is more structural, spanning accounts, admin keys, staking, and KZG-based data availability. 

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Session Lead

​Ko-Wei Tseng (IOTA Asia Ecosystem Lead) - He's been with WPRC since the beginning of time. He also happens to have a Quantum Physics PhD from NUS and helped translate Mastering Monero to Chinese.

​Resources

• ​Summary: https://docs.google.com/document/d/1997I0hY2xj9rXxbWNzuhIFYLpjBGqpKwg0veHfXmbt0/edit?tab=t.0

• ​Paper: https://arxiv.org/abs/2603.28846

• ​Google Blog: https://research.google/blog/safeguarding-cryptocurrency-by-disclosing-quantum-vulnerabilities-responsibly/

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​We want to thank SuperNet (Aileen) for giving us their beautiful office again (and maybe their cat) - they are building a new layer one for portable AI memory context.

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​Session Format

• ​10 mins silent reading to start

• ​Discussion-first, no panels

• ​Bring questions (technical depth welcomed)

• ​Short notes + key takeaways shared after the session
  

​Important: Not a promotion of projects or ideas :)

​Whitepaper Reading Club

​We are a community of 800 builders, founders, researchers, in Singapore, Malaysia, San Francisco, Lagos, Bangkok, and New York. We come together in person every month to discuss the latest blockchain projects (website)

​​​​​​Bittensor - discussion (Jul 2025)

​AlpenGlow (Aug 2025)

​​​​​Summaries

​​​​​​We create detailed and easy to understand summaries for each paper (summaries) and have held 70+ sessions since June 2023, covering topics from Account Abstraction, Parallel Chains, EIPs, Bitcoin Ecosystem to AIXCrypto. We are ecosystem-agnostic, not for profit and with a strong focus on projects with technical, product or social innovations.

#Crypto