Experts at the Bitcoin 2025 conference in Las Vegas have raised alarms about the potential threat quantum computing poses to Bitcoin's security. They highlighted that powerful quantum computers could soon crack Bitcoin private keys, endangering approximately $42 billion worth of Bitcoin and possibly triggering a market liquidation. Google's recent research indicates that the quantum resources needed to break RSA encryption are significantly lower than previously thought, intensifying these concerns.
Jameson Lopp, co-founder of Casa, stressed the urgency for the Bitcoin community to reach a consensus on mitigating this threat. Proposed solutions include developing quantum-resistant encryption addresses and restricting transactions to vulnerable addresses. The community is urged to act swiftly to prevent a potential existential crisis for Bitcoin.
Quantum Computing Threatens Bitcoin Security, Experts Warn
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.
