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Research Estimates Over 35% of Bitcoin Supply Could Be Vulnerable to Quantum Computing

(3 hours ago) · 1 source · Summarized by CryptoBipto

New data suggests that more than 35% of the total Bitcoin supply is stored in address types that could theoretically be vulnerable to future quantum computing attacks. The concern centers on coins held in older address formats that expose public keys, which quantum computers could potentially use to derive private keys.

WHY IT MATTERS

Bitcoin uses a system of secret codes (called private keys) to prove ownership of funds.

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SOURCES

  • beincrypto.com

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BTCQuantum ComputingBitcoin SecurityCryptographyNetwork Vulnerability