☑️ Increased Hacking Risk Due to Quantum Computers, BTC Security Upgrades Underway Attention has been focused on research results from Google Quantum AI and Oratomics—a team of Harvard and Caltech professors—which revealed that the specifications required to crack Bitcoin's cryptographic system are much lower than expected. It is said that early wallets containing past mining rewards, including Satoshi Nakamoto's 1 million BTC, are prime targets for quantum attacks because their public keys remain exposed to the network. Addresses that have exposed their public keys through even a single transfer also become vulnerable. Consequently, Bitcoin developers are reportedly pushing for the introduction of post-quantum signatures that are secure against quantum computer attacks. Personally, I think that if a perfect quantum computer were built, it would rob banks first, rather than Bitcoin. (This post is not an investment recommendation! I am a proponent of investing!!)
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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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