Will quantum computing destroy Bitcoin? Will Satoshi Nakamoto's one million Bitcoins be compromised?
Compiled by: GaryMa, Wu Blockchain Source: https://x.com/el33th4xor/status/1866235573503230357 https://x.com/epr510/status/1866727421455765917?s=19 https://x.com/jeffrey_hu/status/1866689266237182370 The recent release of Google’s quantum computing chip Willow has reignited the community’s discussion on “whether quantum computing will destroy Bitcoin.” Wu Blockchain has compiled the viewpoints of 3 KOLs to help readers understand from multiple perspectives why quantum computing will not currently destroy Bitcoin! TLDR Quantum computing does not currently pose a threat to Bitcoin but represents a potential risk. Presently, quantum computing lacks the capability to crack Bitcoin’s hash and signature mechanisms, ensuring its current security. However, Satoshi Nakamoto’s one million Bitcoins, due to their early public key format (P2PK), may be vulnerable to quantum attacks. The community can address future challenges through quantum-resistant cryptography or hard forks to freeze these asse...