Galaxy Digital’s Head of Research, Alex Thorn, has expressed concerns about the potential danger quantum computing poses to Bitcoin. Thorn highlighted that a quantum attack could compromise Bitcoin's security due to its cryptographic vulnerabilities. While efforts are being made to develop quantum-resistant cryptography, the timeline for a fully secure solution remains uncertain. Some experts believe that quantum computing could lead to Bitcoin's decline, while others remain hopeful that the cryptocurrency can evolve and adapt to survive. Recent advancements in quantum technology have raised alarms, with predictions that quantum computers could crack Bitcoin's encryption within seconds by 2030. Despite differing opinions on the severity of the threat, it is crucial for Bitcoin to prepare for potential quantum attacks by implementing quantum-resistant systems and algorithms. Read more AI-generated news on: https://app.chaingpt.org/news

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