The finance giant BlackRock, known for its Bitcoin ETF (IBIT), is beginning to seriously worry about the rise of quantum computing. In a recent regulatory filing, the firm warns of the potential threats these new technologies pose to the security of the Bitcoin network. 🏦💻
In the crosshairs: the cryptographic algorithms used by Bitcoin, notably the ECDSA signature. If these were to be broken by quantum computers, wallets and transactions could be put at risk. 😱🔓
But should we panic? Not yet. To date, even the best quantum computers, like Google's Willow processor with its 105 qubits, are far from being able to break Bitcoin's encryption. It would take about... 13 million to achieve this in a day! 🧮⏳
Other experts, like Adam Back from Blockstream, are more optimistic: according to him, the arrival of post-quantum signatures could strengthen Bitcoin's security in the long term. The idea? To adapt the network now to make it resilient against future technological breakthroughs. 🔐🚀
Conclusion: Quantum computing is both a challenge and an opportunity for Bitcoin. Rather than fearing the worst, the ecosystem seems ready to evolve to continue ensuring the security and decentralization of the world's first cryptocurrency. ⚙️🔗
Sources: journalducoin.com
