Is quantum computing a threat to the Bitcoin network? Answer: Yes.

Will it break the Bitcoin network? Answer: No.

Let's briefly explain quantum computers and classical computers. Classical computers are the ones we commonly use, while quantum computers are different. The smallest unit of computation for both is a bit, which can have two values: 0 and 1.

In classical computers, a bit can only represent either 0 or 1 at any given time; it can only exist in one state. However, in quantum computers, a bit can simultaneously represent both 0 and 1 at the same time; this phenomenon is called quantum superposition.

Back to the point, why won't quantum computing break the Bitcoin network?

First, it’s not just Bitcoin that uses encryption algorithms; the entire world actually operates on encryption algorithms. For instance, military assets, energy facilities, and financial institutions. These sensitive assets are all managed with encryption algorithms.

If the Bitcoin network cannot withstand quantum attacks and is compromised, it would imply that these sensitive assets also cannot be spared. This would not only be the end of Bitcoin but also the end of the world.

Second, the Bitcoin network actually runs on a set of open-source software. This software can be upgraded; it is alive, and Bitcoin has been exposed to the real environment from the very beginning. It has endured very harsh conditions and has been subjected to various research and attacks. Because it is open-source software, all its code is available for the world to see, analyze, and search for vulnerabilities in its code or protocols. As long as vulnerabilities are found, it can be compromised.

However, since the Bitcoin network started running in 2009, it has never been broken in over a decade; instead, it has become increasingly robust. Because it is completely transparent and relies on protocol-level security, if it cannot be spared, then no sensitive asset in the world can be spared.

Third, the Bitcoin community boasts the strongest technical team in the world. Because BTC is open-source, anyone with the ability and willingness can contribute code to it. The Bitcoin software can still be upgraded. It will not just sit idly by waiting to be compromised. #BTC