Quantum Computing: Bitcoin's Long-Term Risk
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Ark Invest asserts that quantum computing poses a long-term risk to Bitcoin, not an immediate threat. Seventy-five percent of Bitcoin supply is secure or easily movable to safe addresses. Quantum tech advancement will occur gradually, with warning signs before it cracks Bitcoins encryption. The first real breaks might not happen until the mid-twenty-thirties. Bitcoin holders and developers have time to react, as the threat builds slowly over years. New research promotes quantum-safe address types using post-quantum cryptography. Upgrading will require a soft fork, which is challenging in Bitcoins decentralized setup. Proposals like BIP-three sixty could help reduce risks short-term, but they lack full post-quantum signatures for true long-term safety. Discussions on the best path forward continue.
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