Bitcoin Needs An Upgrade—But Not Because Of Quantum, Research Argues
Research suggests quantum computing is not an immediate threat to Bitcoin, but an upgrade is still necessary. While headlines highlight quantum risks, analysis shows that deriving private keys from exposed public keys only affects wallets with public keys visible—about 6.26 million BTC (31% of supply), including Satoshi’s coins. Quantum mining is deemed unfeasible due to enormous energy requirements. Current quantum computers are far from breaking Bitcoin’s encryption, equivalent to factoring a 1,300-digit number. The real concern is over-reliance on a single cryptographic system for a $2 trillion network. Upgrades like BIP-360 are in progress to ensure long-term security. Bitcoin price recently rose 6% to ~$72,600.
bitcoinist04/09 10:33
