Nine Blockchain Groups Unite as Quantum Threat Hangs Over Bitcoin
A new coalition of nine blockchain organizations is tackling a problem that could eventually put roughly 6.4 million bitcoin at risk, including an estimated 1.1 million BTC associated with Satoshi Nakamoto. Launched this week, the Quantum Alliance wants to establish common security standards before powerful quantum computers can crack the digital signatures protecting cryptocurrency wallets. […]
Nine blockchain organizations launched the Quantum Alliance this week to set common security standards before quantum computers can crack the digital signatures protecting crypto wallets. The coalition cites roughly 6.4 million BTC at potential risk, including an estimated 1.1 million BTC tied to Satoshi Nakamoto. The threat is long-dated and no exploit is imminent, so the story is more of an industry-coordination signal than a near-term price catalyst for traders.
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55M AGOYou’re reading thisNine Blockchain Groups Unite as Quantum Threat Hangs Over BitcoinBitcoin.com News · Score 35
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17H AGOCoinDesk · Score 25 · via Quantum threat, 6.4