Time is Running Out for Bitcoin to Counter Quantum Threat, Putting 6.9 Million BTC at Risk
While not all aspects of bitcoin are vulnerable to quantum attacks, the ownership of coins is at significant risk. Bitcoin mining, which involves adding new blocks to the blockchain, uses a type of math called hashing that is resistant to quantum computer attacks. However, the math that protects bitcoin wallets, turning a private key into a public address, is a different story. A quantum algorith…