cryptography

Quantum Computers and Bitcoin Security No Immediate Threat, But Future Risks Loom

Quantum Computers and Bitcoin Security No Immediate Threat, But Future Risks Loom

After all, bitcoin remains the world’s most popular coin. It applies powerful cryptographic methods to protect transactions and maintain the trust of its distributed network of actors. A more immediate, if not yet entirely realized, danger to Bitcoin’s security is the rapidly-approaching advent of quantum computing. Today’s quantum systems can’t...

Quantum Threat Looms Over Bitcoin's Cryptographic Foundation

Quantum Threat Looms Over Bitcoin's Cryptographic Foundation

Bitcoin, the world's leading cryptocurrency, faces a growing threat from quantum computing, which could potentially undermine the elliptic curve cryptography (ECC) that secures its network. ECC, which was developed in 1985, is the basis of Bitcoin’s security. Yet the advent of strong quantum computers poses an existential threat to that...

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