Bitcoin Developer Wants to Fight Quantum Computing Threat—Before It's a Problem
Will quantum computers be able to crack Bitcoin's decryption? Here's why one Bitcoin developer isn't waiting around to find out.
As quantum computers edge closer to breaking current cryptography, Bitcoin developers are racing to protect the world’s largest cryptocurrency from the unprecedented threat of quantum decryption.
One proposed solution, outlined in a recent Bitcoin Improvement Proposal submitted by Chilean technologist Agustin Cruz, calls for a mandatory migration to so-called Quantum-Resistant Address Migration Protocol addresses to ensure long-term protection against future attacks.
When you send Bitcoin, you use a digital signature that proves you own the coins. Right now, Bitcoin uses a cryptographic method (called ECDSA) that could eventually be broken by a powerful enough quantum
computer.
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