Ava Labs co-founder Emin Gün Sirer has warned that early Bitcoin holdings could be vulnerable to quantum computing attacks. Sirer proposed two solutions: freezing Satoshi’s coins or setting a sunset date for Pay-to-Public-Key transactions. However, he also stated that current quantum developments don’t pose an immediate threat.
Quantum computers have raised concerns about their potential impact on encryption. Google’s new Willow chip has sparked debate about the accelerating timeline for when quantum computers could break existing cryptographic methods. The fear is that as quantum technology matures, it will become increasingly capable of undermining the security frameworks that protect Bitcoin and other crypto assets.
While some experts warn that breaking certain types of Bitcoin encryption would require a massive quantum computer, others argue that current developments aren’t yet at the point of posing a serious threat to Bitcoin’s security. However, the potential risks are still being closely monitored by the crypto community.
Source: https://cryptobriefing.com/satoshi-bitcoin-quantum-computing-threat