Quantum Computing Threatens Bitcoin’s Security Amid Market Weakness
- Research indicates that quantum computers could break Bitcoin’s cryptography using fewer than 500,000 qubits.
- A study suggests a system with around 26,000 qubits could compromise Bitcoin and Ethereum encryption in about 10 days.
- Currently, approximately 25%-30% of the total Bitcoin supply is vulnerable to potential quantum attacks.
- Bitcoin’s price has decreased to $66,250, down from a high of over $68,000.
- The native cryptocurrency of the Quantum Resistant Ledger, QRL, surged by 40%, reaching a high of $1.62.
As concerns about quantum computing grow, projects like QRL are gaining attention for their quantum-safe technologies, potentially increasing their market value.
With Bitcoin’s current price at $66,250 and significant portions of its supply at risk from quantum threats, the need for upgrades to secure technology is becoming urgent.(Source)
