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A new threat to Bitcoin is emerging and it’s not coming from regulation or markets, but from technology itself. Researchers are warning that advances in quantum computing could eventually break the cryptography that secures Bitcoin, with new estimates suggesting the barrier is much lower than previously thought. Millions of BTC, especially in older wallet structures, could be vulnerable if the industry doesn’t act in time. While this isn’t an immediate risk, experts say the transition to quantum-resistant security needs to start now, as attackers could already be collecting data to crack in the future. The big question is whether Bitcoin can evolve fast enough or if this becomes the biggest challenge it has ever faced.
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By Scott Melker4.4
209209 ratings
A new threat to Bitcoin is emerging and it’s not coming from regulation or markets, but from technology itself. Researchers are warning that advances in quantum computing could eventually break the cryptography that secures Bitcoin, with new estimates suggesting the barrier is much lower than previously thought. Millions of BTC, especially in older wallet structures, could be vulnerable if the industry doesn’t act in time. While this isn’t an immediate risk, experts say the transition to quantum-resistant security needs to start now, as attackers could already be collecting data to crack in the future. The big question is whether Bitcoin can evolve fast enough or if this becomes the biggest challenge it has ever faced.
Learn more about your ad choices. Visit megaphone.fm/adchoices

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