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▲ Bitcoin (BTC), Quantum Computer, Artificial Intelligence (AI), Cryptocurrency Security/ChatGPT Generated Image ©
A chilling warning that the encryption firewall of the world's largest virtual asset, once considered impregnable, could be shattered due to the much faster-than-expected advancement of quantum computing technology, has emerged, sending ripples through the market.
According to crypto media outlet Finbold on April 19 (local time), Chris Tam, Director at BTQ Technologies, diagnosed that quantum computing is no longer a theoretical domain but has evolved into a fast and practical field that directly threatens Bitcoin (BTC). He pointed out that Satoshi Nakamoto, the creator, did not consider quantum threats during the initial design, and due to the current decentralized development environment, this defense vulnerability issue has become an ongoing challenge causing division within the community.
The core of the problem is not whether quantum computers can break current encryption standards, but how quickly that destructive period will arrive. In the past, the time to neutralize widely used encryption methods was anticipated around 2040, but tech giants like Google and Cloudflare are already rapidly moving, targeting around 2029 as the transition period to post-quantum cryptographic systems.
In particular, a recently published research paper by Google Quantum AI added fuel to these concerns. The study suggested that quantum attacks on network encryption systems might be possible with significantly fewer computing resources than previously estimated, warning that the timeline for a critical threat becoming reality has been greatly accelerated. If a quantum breakthrough occurs, it could inflict devastating damage across the entire modern internet infrastructure, including financial systems and communications, beyond just virtual assets.
Industry reactions to the speed of this technology's emergence are sharply divided. Adam Back, CEO of Blockstream, argued that it would still take decades for quantum threats to materialize. He focused on alleviating market anxiety, supporting a gradual and selective upgrade to quantum-resistant systems, as premature changes could potentially introduce new risks.
On the other hand, venture capitalist Chamath Palihapitiya strongly countered, suggesting that the timeline for the threat might have been compressed to within just a few years. He urged the virtual asset industry to quickly unite, build proactive defenses, and coordinate in preparation for the upcoming massive technological upheaval, thereby escalating the sense of urgency.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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