🚨URGENT!!
Quantum computers could KILL bitcoin!
At least that's what Blackrock said.
Let me explain why.
Bitcoin is based on cryptographic algorithms like SHA-256 and ECDSA.
Quantum computers that use algorithms could, theoretically, break ECDSA, allowing attackers to derive private keys from public keys and steal funds.
With current technology, it would take billions of years to break it.
However, with quantum computers, it could be possible in the next 5 to 10 years, according to Blackrock.
Quantum computing is evolving rapidly, with major investments from governments and tech giants.
So, what does this mean exactly?
With a powerful enough computer, someone could hack your wallet and steal your bitcoins.
Quantum computers now process information 240 million times faster than regular ones.
By 2030, they could be capable of breaking Bitcoin's encryption in seconds.
Scary, right?
Is there a way to prevent it? Yes, absolutely.
The bitcoin network needs to be updated; that's the only way to prevent something like this.
