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

Source
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 adopting quantum-resistant wallets, and pointed to the need for voluntary migration within the Bitcoin community.
  • The industry sees quantum-computing risk as no longer remaining theoretical, and analysis suggests the key variable will be the speed of the Bitcoin protocol’s response.

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

According to crypto-focused media outlet CoinDesk on the 31st (local time), StarkWare co-founder Eli Ben-Sasson stressed that "Bitcoin must start responding to quantum-computing attacks right away."

He referenced the BIP 360 proposal to the Bitcoin community, which centers on adopting quantum-resistant wallets, and argued for the need for voluntary migration.

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

Across the industry, the view 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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