El Salvador distributes 6274 Bitcoin to 14 new wallets…"Preparing for quantum computer threat"

El Salvador announced that it distributed the Bitcoin (BTC) it held from a single existing wallet to 14 new wallets. The move was described as a security enhancement measure to prepare for the threat of quantum computers.

On the 30th, according to crypto asset (cryptocurrency) specialized media Cryptopolitan, El Salvador's official Bitcoin Office said it distributed 6274 BTC it held to 14 new wallets. The measure is said to aim to strengthen long-term safe management and security of the country's strategic Bitcoin holdings. El Salvador divided the Bitcoin holdings among the wallets into about 500 BTC each through this measure, and plans to prevent the risk of exposure to quantum computer attacks.

El Salvador explained that quantum computers could theoretically break wallet encryption. El Salvador's Bitcoin Office said, "When Bitcoin transactions are signed and propagated, the public key becomes visible on the blockchain, and an attacker could use a quantum computer to discover the private key and block funds before they are sent." It added, "This measure can strengthen security by transparently managing assets across multiple wallets while avoiding address reuse."

Meanwhile, industry experts have expressed a skeptical stance on the possibility of quantum computers being used to hack Bitcoin. Project Eleven said in an April report, "Quantum computers do not currently have the ability to decrypt Bitcoin private keys." Michael Saylor (Michael Saylor) Strategy CEO (CEO) also said, "The quantum computer threat is nothing more than an exaggerated story, and if it becomes a real threat, the core developers of the Bitcoin protocol will carry out appropriate upgrades."