Time is Running Out for Bitcoin to Counter Quantum Computing Threats, 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, relies on a type of mathematics known as hashing, which quantum computers are unable to break. As a result, the blockchain ledger and the rule that new bitcoins can only be created through mining would remain intact in the event of a quantum att…