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Analysis: Bitcoin—A Decade-Long Crisis Looms; As Quantum Computing Advances, Holders Must Promptly Migrate High-Risk Addresses
Svmuu News: Sandy Peng, co-founder of Scroll, published an analysis stating that the quantum computing threat facing Bitcoin is not primarily a technical challenge, but rather an issue of community governance and multi-party coordination. Currently, the number of qubits required to break its encryption system has dropped significantly, and leading companies have a clear roadmap for computing power upgrades; the quantum threat may become a reality within the next decade.Early P2PK addresses and assets associated with Satoshi Nakamoto (Bitcoin) face significant risks, as attack methods such as stealth theft and transaction tampering are all feasible. Although there are mature standards for post-quantum upgrades, they would severely hinder network performance and drive up usage costs. Given past disagreements over upgrades within the community, achieving a unified network-wide upgrade faces immense resistance.Ethereum, however, has introduced a flexible quantum protection solution that allows users to upgrade their signatures independently. Industry experts warn that the survival window for Bitcoin is narrowing, as the threat timeline closely aligns with the community’s consensus cycle. They recommend that retail investors promptly migrate high-risk addresses, while institutions prioritize relevant risk management planning. (Forbes)
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