Jakarta, Pintu News – The threat of quantum computing to cryptocurrency security is no longer just a scientific theory. A core Bitcoin developer warns that within the next three years, the Bitcoin (BTC) network could suffer serious vulnerabilities. With the potential of this new technology, holders of crypto assets such as Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE) are on alert.
According to a report from Bitcoin.com News, Hunter Beast-author of Bitcoin Improvement Proposal (BIP) 360-claimsthat the threat of quantum computing is much closer than originally thought. In a statement on social media, he stated that “things have changed” and he is now not convinced that there is enough time left to act.
Beast declined to disclose the specifics of the technique that has him concerned, but emphasized that there are recent developments that could allow attacks on Bitcoin encryption. If the current encryption can be breached, then the private keys that secure the funds could be hacked, opening up a security hole for all BTC holders.
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In a worst-case scenario, Beast estimates that Bitcoin could start being hacked by quantum computers within 3 years. This statement is not intended to cause fear or FUD (Fear, Uncertainty, Doubt), but as a “wake-up call” for the developer community to act more quickly and seriously to address this risk.
This statement is supported by similar concerns from other crypto figures. Vitalik Buterin, co-founder of Ethereum (ETH), once stated that there is a 20% chance that quantum computing could break into crypto encryption systems before 2030. This means that this threat is not just targeting Bitcoin, but the entire cryptocurrency ecosystem.
Seeing the potential risks, El Salvador-thefirst countryto adopt Bitcoin as legal tender-took proactive measures by moving the country’s Bitcoin reserves to a new address to protect them from potential quantum attacks.
This move is an indicator that the risks of quantum computing are now on the radar of state policy, not just technical debates between developers. If countries start to act, then the global community must immediately prioritize technical solutions, such as post-quantum encryption algorithms that are more resistant to the threat of super-fast computers.
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