Time Running Out for Bitcoin to Mitigate Quantum Threat, 6.9 Million BTC at Risk
Not all aspects of Bitcoin are vulnerable to quantum computers. The process of mining new blocks and the rule that new Bitcoins can only be created through mining are secure due to the type of math used, known as hashing, which quantum computers cannot effectively break. However, ownership is at risk due to a different mathematical mechanism that protects wallets. This math, which converts a priv…