Researchers from Caltech and quantum startup Oratomic have found that quantum computing power is decreasing, with a system with around 26,000 qubits capable of breaking ECC-256, the encryption standard that secures the Bitcoin and Ethereum blockchains, in about 10 days. The researchers found that RSA-2048, used by financial institutions to secure their Web2 platforms, could also be broken using less than 10,000 physical qubits. This discovery contradicts previous estimates that hundreds of thousands of qubits were needed for the attack. However, this does not significantly reduce the risk to funds already sitting in vulnerable addresses.