Bitcoin's Taproot address supply has decreased by approximately 3% since January 2024, according to on-chain analyst Willy Woo. This reduction has fueled discussions about whether long-term holders are selling or merely repositioning their assets due to increasing fears of quantum computing threats.
The decline in Taproot addresses coincides with heightened concerns over Bitcoin's vulnerability to quantum attacks. In response, developers are proposing quantum-resistant address types, and hardware manufacturers like Trezor are introducing quantum-ready wallets to enhance security.
Bitcoin Taproot Address Supply Declines 3% Amid Quantum Computing Concerns
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
