Quantum computing has emerged from labs to threaten the very cryptographic foundations of Bitcoin. In as little as 5 to 10 years, quantum machines could decrypt public private keys, especially those stored in outdated wallet formats jeopardizing trust and security. Institutional players like BlackRock have already flagged this risk, signaling how seriously the industry is starting to take the threat.
Thankfully, the crypto community is not caught off guard. Solutions like the QRAMP upgrade shifting Bitcoin holdings to quantum safe address types and adoption of NIST approved quantum resistant protocols are underway. Yet, transitioning Bitcoin’s global ledger to new cryptography isn’t simple; it could require over 76 days of coordinated downtime.
Bitcoin’s survival hinges on proactive upgrades. If the industry waits until quantum attacks materialize, the fallout could be irreversible. The best time to act is now, before it’s too late.
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