Opinion: Quantum computing will not crack Bitcoin in 2026, but preparations should be made in advance.

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MarsBit
12-25
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[Opinion: Quantum Computing Won't Crack Bitcoin in 2026, But Preparations Needed] According to a report by Cointelegraph on December 25th, experts from Argentum AI, Coin Bureau, and other institutions stated in interviews that the threat of quantum computing to cryptocurrencies in 2026 remains theoretical rather than imminent. Clark Alexander, head of AI at Argentum AI, stated that the commercial applications of quantum computing are expected to be extremely limited by 2026. Nic Puckrin, co-founder of Coin Bureau, stated that 90% of the quantum threat theory is marketing, and that computers capable of breaking existing cryptography are at least a decade away. Nevertheless, experts point out the potential risks of public-key cryptography relied upon by blockchain networks like Bitcoin. Sofiia Kireieva, an expert at Boosty Labs, pointed out that the Elliptic Curve Digital Signature Algorithm (ECDSA) used for private and public keys is the weakest link, while the SHA-256 hash function is less vulnerable. Ahmad Shadid, founder of the O Foundation, stated that address reuse significantly increases the risk of being compromised. Currently, approximately 25% to 30% of Bitcoin (about 4 million coins) is stored in addresses with exposed public keys, making them more vulnerable to attacks from quantum computers. Sean Ren, co-founder of Sahara AI, warns that the real threat in 2026 is not system crashes, but rather attackers collecting as much encrypted data as possible to decrypt when the technology matures in the future. Leo Fan, co-founder of Cysic, describes this as a "collect first, decrypt later" attack scenario. To address this potential threat, the crypto community has taken action. Qastle announced in November plans to provide quantum-level security for hot wallets by upgrading the underlying cryptography. Experts advise users to avoid reusing addresses and to migrate funds promptly when quantum-resistant wallets become available. While a quantum apocalypse is unlikely in 2026, quantum computing will become a significant risk factor in the field of crypto security.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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