TechFlow News, April 25: According to a CoinDesk report, while quantum computers cannot break Bitcoin’s mining mechanism or blockchain ledger, they could potentially crack the elliptic-curve cryptography (ECC) that secures wallet ownership—using Shor’s algorithm. Currently, approximately 6.9 million BTC—roughly one-third of the total supply—are at potential risk because their public keys are already visible on-chain. This includes Satoshi Nakamoto’s estimated 1 million early holdings; transactions generated after Ethereum’s 2021 Taproot upgrade are similarly exposed due to public key disclosure.
Since 2018, Ethereum has maintained an official post-quantum migration plan, with four full-time teams and over ten independent development groups, and operates a dedicated progress-tracking website at pq.ethereum.org. In contrast, Bitcoin currently lacks a unified roadmap for quantum resistance: existing proposals such as BIP-360 and BitMEX Research’s detection framework have not garnered broad support among core developers. Prominent Bitcoin advocate Nic Carter has labeled Bitcoin’s quantum response “the worst,” while Blockstream CEO Adam Back acknowledges that current quantum systems remain confined to laboratory settings—but also agrees that optional upgrade mechanisms should be deployed proactively.
Analysts note that Bitcoin’s decentralized governance culture makes coordinating large-scale security upgrades exceptionally difficult, and resolving historical issues—such as how to handle Satoshi’s holdings—presents a particularly thorny dilemma. A related Google paper warns that once quantum attacks become feasible, the window for effective response may already have closed.
