Quantum Threat Looms Over Bitcoin’s Security

IBM’s breakthrough in quantum computing has reignited concerns about the potential vulnerability of Bitcoin to a new attack. While 6-bit keys, used for securing bitcoins, were recently broken by IBM using Shor’s algorithm on its 133-qubit system, experts suggest the threat is not imminent but could materialize within the next decade. This underscores the urgent need for proactive measures and continued research into post-quantum cryptography. The article explores how quantum computing poses a challenge to Bitcoin’s fundamental security framework and discusses strategies for mitigating this risk.