Quantum Computing Threats to Bitcoin Network Analyzed
- Presidio Bitcoin’s report highlights the risk of quantum computing to Bitcoin, focusing on cryptographically relevant quantum computers (CRQCs).
- Approximately 6.5 million BTC, or one-third of the total supply, could be vulnerable if a CRQC were available today.
- Address reuse accounts for over two-thirds of this exposure, with about 4.5 million BTC at risk.
- Presidio suggests deploying post-quantum signature schemes via a soft fork as a mitigation strategy.
- Expert surveys estimate a probability of CRQCs emerging between 2030 and 2035 at about 50%.
Image from OpenArt, chart from TradingView.com
