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Literature Review of the Effect of Quantum Computing on Cryptocurrencies using Blockchain Technology

This literature review evaluates the breadth of academic and industry research on the impact of quantum computing on blockchain-based cryptocurrencies. It synth

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Abstract

This literature review evaluates the breadth of academic and industry research on the impact of quantum computing on blockchain-based cryptocurrencies. It synthesizes findings from current studies, identifying key areas of concern including the collapse of address anonymity, the security of private keys, and the degradation of PoW mining efficiency. The authors categorize research into three main threads: impact assessment, protocol adaptation, and the shift toward quantum-safe cryptography. The review serves as a meta-analysis, providing an overview of the consensus among researchers regarding the timeline of quantum threats and the required urgency for protocol transitions. It concludes that while Bitcoin and other first-generation cryptocurrencies are theoretically at high risk, the modular nature of second-generation smart contract platforms provides a more flexible architecture for PQC adoption. Authors: Adi Mutha, Jitendra Sandu Publication: arXiv preprint Publication date: 2025-01-01

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Key findings

  • The threat to address anonymity is a critically overlooked aspect of quantum research.
  • There is a wide disparity in research timelines regarding the advent of cryptographically relevant quantum computers.
  • Smart contract platforms offer superior cryptographic agility compared to basic payment ledgers.
  • Consensus on urgency varies, but research indicates a trend toward immediate proactive defense.

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Citation

Adi Mutha, Jitendra Sandu (2025). Literature Review of the Effect of Quantum Computing on Cryptocurrencies using Blockchain Technology. arXiv preprint. https://arxiv.org/abs/2508.17296
Canonical knowledge ID: research:literature-review-of-the-effect-of-quantum-computing-on-cryptocurrencies-using-blockchain-technology