CoinShares has released a report indicating that the risk posed to Bitcoin by quantum computing is manageable and not an immediate crisis. While Shor's algorithm theoretically threatens ECDSA/Schnorr signatures, the actual risk is expected to remain decades away, potentially not materializing until the 2030s or later. Currently, approximately 1.6 million BTC, representing 8% of the total supply, are held in P2PK addresses with visible public keys. However, only about 10,200 BTC are in a state where theft could impact the market, as the rest are distributed across numerous small addresses, making them costly to crack.
CoinShares Report: Bitcoin's Quantum Computing Risk is Manageable
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