A new report from Ark Invest and Unchained says advances in quantum computing could eventually challenge Bitcoin’s (CRYPTO: BTC), cryptography, though the threat remains distant for now.
Quantum Computing Could Challenge Bitcoin’s Security
A report titled “Bitcoin and Quantum Computing” by ARK Invest and Unchained said current quantum machines remain far from powerful enough to break Bitcoin’s security.
Today’s systems operate in the Noisy Intermediate-Scale Quantum (NISQ) era, meaning they have limited computational power and high error rates, preventing them from compromising Bitcoin’s cryptographic protections.
Bitcoin’s security mainly relies on cryptographic hash functions and elliptic curve cryptography (ECC). …