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Bitcoin faces an increasing threat from quantum computing, which may soon be able to decrypt its digital wallets, jeopardizing the security of the network. Cryptography experts are calling for the adoption of quantum-resistant technologies, but their implementation requires extensive coordination and complex updates, raising concerns about divisions within the Bitcoin community.
There is a real concern about the ability of quantum computers to breach 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 officer of "Casa," a company specializing in providing custody solutions for cryptocurrencies, who confirmed that time is clearly running out for the digital community to prepare for this danger.
The danger warned of will lead to a shock for those who keep their coins in centralized wallets; institutions that hold the coins they purchased by storing them in cold or decentralized wallets with the new quantum encryption will survive.
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