Time Runs Out for Bitcoin to Counter Quantum Threat, Putting 6.9 Million BTC at Risk
Not all aspects of bitcoin are vulnerable to quantum computers. The process of bitcoin mining, which utilizes a form of math known as hashing, is secure against quantum attacks. The bitcoin ledger and the rule that new bitcoins can only be created through mining would survive a quantum assault, with blocks continuing to be produced and the chain remaining operational. However, ownership would be …