Bitcoin News Today: Bitcoin Faces Quantum Countdown: Immediate Measures Needed or Face Potential Extinction?
- HRF reports 6.51M BTC ($188B) at risk from quantum attacks, including dormant Satoshi-era coins. - Experts warn quantum computers could break Bitcoin’s encryption within 5–10 years, urging urgent solutions. - Quantum algorithms like Shor’s threaten Bitcoin’s security, but current post-quantum solutions exclude major blockchains. - U.S. and firms like IBM/Google advance quantum tech, intensifying urgency for Bitcoin-specific upgrades. - Bitcoin community debates action plans, with no consensus on mitigati
Bitcoin Confronts Rising
The security of Bitcoin’s cryptography is facing heightened examination as advancements in quantum computing threaten to compromise its core encryption systems. Specialists caution that, without prompt intervention, Bitcoin could become highly susceptible to attacks within five to ten years. The Human Rights Foundation (HRF) recently emphasized in an
This looming risk has ignited discussion within the
The danger stems from quantum algorithms such as Shor’s, which could theoretically break the elliptic curve cryptography that protects Bitcoin’s blockchain. Both immediate attacks on newly revealed addresses and long-term threats to dormant P2PK wallets are major concerns. Although
The U.S. government is also considering investments in quantum technology to retain its global lead, with reports indicating the Department of Commerce may allocate resources to outpace China. At the same time, companies like IBM and Google are making strides in quantum hardware, with IBM’s 120-qubit platform and Google’s 105-qubit Willow chip pushing the boundaries for real-world quantum uses.
Despite the pressing need, the Bitcoin community has yet to reach consensus on a dedicated quantum-resistance plan. The Presidio Summit revealed no clear agreement on whether to "burn" or "steal" Satoshi-era coins at risk. Institutional custodians and exchanges are being encouraged to adopt improved practices, such as avoiding address reuse, to reduce exposure before quantum computing becomes a practical threat.
With time running out, the Bitcoin community must choose: postpone action and risk existential dangers, or invest in quantum-proof upgrades that could redefine the future of the cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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