# Literature Review of the Effect of Quantum Computing on Cryptocurrencies using Blockchain Technology Content type: Research Paper Summary: 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 Key concepts: Adi Mutha, Jitendra Sandu, review, cryptocurrency, quantum computing, security, literature survey
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Literature Review of the Effect of Quantum Computing on Cryptocurrencies using Blockchain Technology

Adi Mutha, Jitendra Sandu

arXiv preprintJanuary 2025

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.

Key Findings

  • 1The threat to address anonymity is a critically overlooked aspect of quantum research.
  • 2There is a wide disparity in research timelines regarding the advent of cryptographically relevant quantum computers.
  • 3Smart contract platforms offer superior cryptographic agility compared to basic payment ledgers.
  • 4Consensus on urgency varies, but research indicates a trend toward immediate proactive defense.

Topics

reviewcryptocurrencyquantum computingsecurityliterature survey
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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

BibTeX

@misc{literaturereview2025,
  title = {Literature Review of the Effect of Quantum Computing on Cryptocurrencies using Blockchain Technology},
  author = {Adi Mutha and Jitendra Sandu},
  year = {2025},
  howpublished = {\url{https://arxiv.org/abs/2508.17296}},
}

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