Solana Founder "AI is the Biggest Threat to Virtual Assets"...Proposes 'This' as a Solution

▲ Artificial Intelligence (AI), Bitcoin (BTC)/AI generated image

The co-founder of Solana (SOL) has identified Artificial Intelligence (AI) as the biggest threat to the virtual asset cryptographic system. As a solution, he urged for enhanced security through a multi-signature method.

BeInCrypto reported on May 3 (local time) that Solana co-founder Anatoly Yakovenko named AI as the biggest short-term threat to cryptographic technology. Yakovenko warned that AI could neutralize Post-Quantum Cryptography (PQC) signature schemes before they become widespread. Yakovenko argued that the industry has not yet fully grasped the mathematical vulnerabilities of PQC or errors in its implementation. To enhance security, Yakovenko proposed the adoption of a 2-of-3 multisig, combining two out of three independent signature schemes.

Michael Egorov, founder of Curve Finance, asked if official verification procedures could bridge this gap. Yakovenko replied that verification is only valid when developers know exactly what they need to check. Yakovenko still prefers ensuring redundancy across multiple independent systems. He explained that Solana's program-derived addresses within its transaction processor could natively support such a setup. Yakovenko emphasized, "AI poses the greatest risk of breaking PQC signature schemes, and we are still unaware of many mathematical as well as implementation loopholes."

In the Bitcoin (BTC) camp, an early consensus is forming regarding the handling of Satoshi Nakamoto's holdings. Alex Thorn, Head of Research at Galaxy Digital, stated that discussions held in Las Vegas this week led to a common opinion on Satoshi's assets. Approximately 1.1 million BTC held by Satoshi are distributed across about 22,000 P2PK addresses, each containing 50 BTC. Thorn pointed out that even if a quantum attack occurs, hackers would have to target these addresses one by one individually. Exchanges, on the other hand, have time to transfer assets to secure addresses before quantum threats fully materialize.

The Bitcoin network already regularly absorbs selling pressure of over 1 million BTC. Research head Thorn analyzed that even in a worst-case scenario where Satoshi's assets come onto the market, the network can withstand it without infringing on core property rights. Bitcoin developers and analysts have reached a consensus that future quantum threats can be sufficiently addressed without forcibly touching the founder's assets. Discussions are becoming more active on increasing wallet security redundancy or preparing protocol-level defenses in line with the pace of quantum technology development.

With quantum research accelerating, the key issue remains whether increasing wallet security redundancy or protocol-level deterrence will be a stronger short-term defense. The virtual asset industry is focusing on finding the optimal balance between technical reinforcement and ensuring network stability to counter the threat of AI's cryptographic decryption.

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