Satoshi’s Bitcoin Could be Hacked With Quantum Computing
Tether CEO Paolo Ardoino dismisses quantum computing concerns about immediate risk for Bitcoin Safety.
His comments follow the report that Google expects commercial quantum computing applications to appear in the next five years.
Quantum computing may allow lost BTC to be reissued
On the February 8th X, Ardoino assured the community that Bitcoin’s crypto security is still intact. He said Quantum computing There is still no meaningful threat, and before technology becomes a serious concern, Bitcoin will adopt a quantum-resistant solution.
However, he noted that if quantum technology is moving significantly, inactive Bitcoin wallets, especially those belonging to lost keys or deceased owners, may face exposure.
This includes wallets believed to contain an estimated 1.2 million BTC links to Satoshi Nakamoto, the creator of Bitcoin.
“Lost any bitcoin in your wallet, including Satoshi (If not alive), it will be hacked and returned to circulation,” Tether CEO explain.
Still, Ardoino dismisses concerns about possible disruption in quantum computing Bitcoin Basic monetary structure. He stressed that the supply cap of Bitcoin will remain the same regardless of technological advances.
“Anyway, there’s only 21 million bitcoins. Nothing can be changed. Not even quantum computing. That’s really critical and important information,” Ardoino additional.
Ardoino’s position is consistent with that of Ava Labs co-founder Emin Gün Irer. Sirer previously pointed out that early Bitcoin transactions used the now-overpaid public key (P2PK) format.
This method exposes the public key, making it likely vulnerable to quantum attacks.
Sirer recommends that taking precautions can help mitigate future risks. This includes Freeze old P2PK-based holdings or set deadlines for their availability.
“Satoshi’s early like-minded coins used the very old paid public key (P2PK) format that revealed the public key and provided time for attackers as all the cryptography bounty mothers… with QC’s Threat, Bitcoin Community With the threat of QC, it may want to study frozen satto coins, or more generally provide dates and freeze all coins on p2pk utxos,” sirer Famous.
Quantum computing competition and its meaning
Quantum computing uses the principles of quantum mechanics to process information at a speed that far exceeds that of traditional computers.
This breakthrough has raised concerns about weakening the capabilities of modern encryption, including ensuring encryption protections for blockchain networks.
Google recently released its latest quantum processor Willow, These advances may affect cybersecurity, sparking new discussions.
While many experts estimate that practical quantum threats are at least a decade away, Hartmut Neven, head of quantum AI at Google, said commercial applications could arrive in five years.
According to reports explain.
Advanced enough Quantum computers can theoretically break the encryption keymanipulate blockchain transactions and control mining operations.
This can lead to risks such as unauthorized access, double spending, and network manipulation. As a result, the cryptocurrency community is closely following these developments to achieve their potential impact on digital security.
It is worth noting that the blockchain industry is already developing countermeasures. Blockchain networks like Solana are actively engaging in anti-quantum encryptionensure that technology evolves with emerging threats.
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