According to Odaily, quantum computing poses a significant threat to Bitcoin and other blockchain systems, potentially breaking the encryption that secures them. The article draws parallels to the 'dark forest' concept from the novel 'Three-Body Problem,' where high-dimensional attacks can cripple lower-dimensional defenses. Bitcoin's ECDSA algorithm, developed in the 1980s, is vulnerable to quantum decryption via Shor's algorithm. Experts warn that early Bitcoin wallets, including those of Satoshi Nakamoto, could be prime targets. In response, various Layer 1 blockchains are exploring quantum-resistant strategies, such as Ethereum's multi-path experimentation, Solana's optional quantum-safe vaults, and new projects like Quranium and QRL that are built with quantum resistance in mind. The article emphasizes the urgency for the industry to prepare for a quantum future, with some experts suggesting a transition to quantum-safe algorithms by 2035.
Quantum Computing Threats and Blockchain's Survival Strategies
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