How Much Bitcoin Is Quantum-Vulnerable? Researcher Says 6.9 Million BTC
Project 11 CEO Alex Pruden is challenging a CoinShares estimate that only 10,200 bitcoin sit in “genuinely” quantum-vulnerable legacy addresses, arguing instead that roughly 6.9 million BTC could be exposed if cryptographically relevant quantum computers arrive sooner than the market expects. The dispute, amplified by Castle Island partner Nic Carter, goes to the heart of […]
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Quantum risk has become a recurring stress point in Bitcoin discourse, often framed as an existential threat. The claim usually follows a familiar arc: quantum computing is advancing quickly, cryptography is vulnerable, and Bitcoin isn’t adapting fast enough. Marty Bent doesn’t buy that framing. In his Dec. 14 episode, Bent acknowledged that quantum computing represents […]
Quantum computing is a form of computing based on quantum physics. Where classical computers rely on bits (zeros or ones) to make calculations, quantum computers use quantum bits (qubits) that leverage quantum mechanics to exist in a “superposition”: a combination of zero and one, with some ...
Quantum computing still has a long way to go before posing a threat to blockchain technology. Quantum computing has raised concerns about the future of cryptocurrency and blockchain technology in recent years. For example, it is commonly assumed that very sophisticated quantum computers will one day be able to crack present-day encryption, making security a serious concern for users in the blockchain space.The SHA-256 cryptographic protocol used for Bitcoin network security is currently unbreakable by today’s computers. However, experts anticipate that within a decade, quantum computing....
With the Ethereum Merge event now successfully completed, new proof-of-work (PoW) forks have emerged to vie for miner acceptance. This, as the United States government, has warned that the post-quantum world is getting closer, and vulnerable cryptography will need to be protected. Amidst red hot inflation in the U.S., President Joe Biden notes that gas prices have fallen, but doesn’t mention the 190 million barrels that have been tapped from the U.S. Strategic Petroleum Reserve to address the issue. Though U.S. inflation is high, the greenback is gaining great power against other....
The founder of Capriole Investments has warned about the Quantum risk to Bitcoin, saying there’s a 34% chance it breaks BTC in the next three years. Bitcoin Could Trade At A Discount If No Quantum Fix Is Deployed As Quantum Computing continues to advance, many in the Bitcoin community have been raising concerns about what a breakthrough could mean for the cryptocurrency. Capriole Investments founder Charles Edwards has been one of those voices. Related Reading: Chainlink’s Top Whales Reverse Course, Quietly Scoop Up $263M In LINK Last week, Edwards gave a presentation on the Quantum....