Time Running Out for Bitcoin to Counter Quantum Threat, With 6.9 Million BTC at Risk, Including Satoshi's Holdings
Not all aspects of Bitcoin are vulnerable to quantum computers. The process of mining, which involves adding new blocks to the blockchain, utilizes a type of mathematics known as hashing that quantum computers are unable to compromise. The blockchain itself and the rule that new Bitcoins can only be created through mining would survive a quantum attack, with blocks continuing to be produced and t…