StarkWare: "Bitcoin (BTC) must begin quantum-computing countermeasures now"

JH Kim

Summary

  • StarkWare co-founder Eli Ben-Sasson said Bitcoin (BTC) must prepare for the quantum-computing threat.
  • He cited the BIP 360 proposal, centered on the adoption of quantum-resistant wallets, and pointed to the need for voluntary migration within the Bitcoin community.
  • The industry says quantum-computing risk is no longer merely theoretical, and analysis suggests the key variable is the speed of the Bitcoin protocol’s response rather than the pace of technological progress.

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Warnings have been raised that Bitcoin (BTC) needs to prepare for the threat posed by quantum computing.

According to CoinDesk, a digital-asset (cryptocurrency) news outlet, on the 31st (local time) StarkWare co-founder Eli Ben-Sasson stressed that "Bitcoin must start responding to quantum-computing attacks right now."

He cited the BIP 360 proposal, which centers on introducing quantum-resistant wallets to the Bitcoin community, and pointed to the need for voluntary migration.

He also noted that "the quantum-computing threat is not merely a hypothesis but a real-world issue."

Across the industry, recognition is spreading that quantum-computing risk is no longer confined to theory, and analysis suggests the key variable will be the speed of the Bitcoin protocol’s response rather than the pace of technological progress.

JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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