Time's 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 computers, the ownership of coins is at significant risk. Bitcoin mining, which uses a type of math called hashing, is not easily broken by quantum computers, ensuring the ledger and the rule of new bitcoin creation through mining would survive. However, the math protecting bitcoin wallets, which turns a private key into a public address,…