Experts are increasingly concerned that advancements in quantum computing could compromise Bitcoin’s security. They stress that without immediate action, the implications could be catastrophic for the asset’s market stability.
Jameson Lopp highlighted the urgent need for consensus within the Bitcoin community to mitigate the risks posed by quantum attacks, as they could reverse-engineer wallets and drastically affect the Bitcoin market.
Discussions among developers are focused on implementing quantum-resistant cryptography. Proposed measures include new address types to safeguard Bitcoin against future vulnerabilities amid this looming threat.
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