Time is Running Out for Bitcoin to Counter Quantum Threat, Putting 6.9 Million BTC at Risk
Not all aspects of bitcoin are vulnerable to quantum computer attacks. The process of bitcoin mining, which involves adding new blocks to the blockchain, utilizes a type of mathematics called hashing that is resistant to quantum computing. As a result, the blockchain itself and the rule that new bitcoins can only be created through mining would remain intact in the event of a quantum attack. The …