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Quantum computers to Bitcoin's encryption, particularly through Shor's algorithm, which could break public-key cryptography like ECDSA. However, current quantum computers are not powerful enough to execute this threat. Bitcoin also uses SHA-256 hashing, which is less vulnerable to quantum attacks. The Bitcoin community is actively researching post-quantum cryptography and could implement a hard fork to enhance security if necessary.
While quantum threats are a future concern, they are not immediate, so there's no need for panic selling Bitcoin at this time.
Ongoing research and preparation are important for the future.
Quantum computers to Bitcoin's encryption, particularly through Shor's algorithm, which could break public-key cryptography like ECDSA. However, current quantum computers are not powerful enough to execute this threat. Bitcoin also uses SHA-256 hashing, which is less vulnerable to quantum attacks. The Bitcoin community is actively researching post-quantum cryptography and could implement a hard fork to enhance security if necessary.
While quantum threats are a future concern, they are not immediate, so there's no need for panic selling Bitcoin at this time.
Ongoing research and preparation are important for the future.