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Bitcoin is in trouble.. Quantum computers are getting closer to cracking its codes.
When Bitcoin (BTC) is mentioned, the first thing that usually comes to the reader's mind is the volatility of cryptocurrency prices📈📉, or perhaps new news about major companies dealing with it.
🚦However, a different kind of danger has begun to loom on the horizon, threatening the future of this currency that has revolutionized the world of finance🌏💰; it is the danger of "quantum computing."
During a special meeting that brought together several technology and encryption experts in Las Vegas, voices expressed genuine concern about the ability of quantum computers to break the encryption that protects Bitcoin wallets, which could affect millions of coins and expose the cryptocurrency market to an unprecedented shock. Among the prominent attendees was Jameson Lopp, the technical director of "Casa," a company specializing in providing cryptocurrency custody solutions, who confirmed that time is clearly running out for the digital community to prepare to face this threat.
Quantum computing threatens the future of Bitcoin by decrypting its wallets and protecting the currency.
Technology and encryption experts are racing to prepare the digital community to face these quantum challenges.
"Quantum resistance" titles are proposed as a security remedy against breaches, but implementation is costly and complicated.
Facing the quantum threat requires greater coordination and prior preparation from the Bitcoin community.
