Experts suggest that the threat posed by quantum computing to Bitcoin is more political than technical. James Check, founder of Checkonchain, emphasized that the Bitcoin community may struggle to reach consensus on measures like 'freezing' non-quantum-resistant addresses, potentially leading to a market influx of previously lost Bitcoin if quantum attacks become feasible. BitBo data indicates that 32.4% of Bitcoin has remained unmoved for five years, with 16.8% untouched for over a decade.
Ceteris Paribus from Delphi Digital noted that while quantum resistance is technically achievable, the challenge lies in achieving community consensus. Although the U.S. NIST has approved quantum-resistant cryptographic schemes, older Bitcoin addresses remain at risk. Unlike Bitcoin, other blockchains such as Sui, Solana, and Near have proposed backward-compatible solutions to address quantum vulnerabilities.
Experts Highlight Political Challenges in Addressing Bitcoin's Quantum Threat
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