French quantum computing startup Alice & Bob says it can factor RSA-2048 in as fast as three days using fewer than 23,000 physical qubits, roughly 40 times fewer than Google Quantum AI’s 2025 estimate of one million qubits. The company attributes the reduction to a cat-qubit architecture that suppresses errors at the hardware level, more efficient error-correcting codes and an optimized version of Shor’s algorithm. In the same study Alice & Bob estimates that 30,000 qubits could break elliptic-curve cryptography used by Bitcoin and Ethereum in about an hour. The preprint has not been peer-reviewed, and whether its cat qubits can perform and scale in real-world operations remains uncertain. 1