TechFlow news, January 6th, according to a report from DL News, David Duong, the Global Head of Investment Research at Coinbase, recently warned that approximately one-third of Bitcoin may be vulnerable to quantum computing attacks. Duong noted that the pace of advancement in quantum computing technology has exceeded market expectations, evolving from a theoretical threat to a substantive risk. These risks primarily target Bitcoin wallets with exposed public keys, as quantum computers could potentially crack the Elliptic Curve Digital Signature Algorithm to obtain private keys and steal funds. Some researchers predict that quantum computers might be able to break Bitcoin's encryption system within 4-5 years. Previously, BlackRock's iShares Bitcoin Trust prospectus filed in May also specifically mentioned quantum computing as a risk factor.
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