El Salvador Doubles Down on Crypto Security: Protecting Against Quantum Threats

El Salvador has taken another decisive step in its Bitcoin strategy, moving 6,274 BTC — worth approximately $678 million — into 14 new wallets. This change significantly reduces the nation’s vulnerability to potential quantum computing attacks which could exploit Bitcoin’s cryptographic security. Previously, all Bitcoin reserves were held in a single wallet, increasing risks from a single point of failure. The move aligns with best practices like hardware segregation and multi-signature protection, effectively distributing holdings across multiple wallets to minimize losses should quantum computers advance faster than anticipated.