Hoskinson "Bitcoin Will Crumble Powerlessly Against Quantum Computers"

▲ Bitcoin (BTC), Quantum Computer/ChatGPT generated image

Warnings that Bitcoin's (BTC) security system could be shaken by the super variable of quantum computers are rapidly spreading tension throughout the virtual asset market.

According to U.Today, a cryptocurrency specialized media outlet, on April 22 (local time), Charles Hoskinson, the founder of Cardano (ADA), raised strong doubts about Bitcoin's quantum resistance. Hoskinson pointed out that the existing claims that Bitcoin is safe from quantum computer attacks lack basis, and evaluated that the current cryptographic structure would be difficult to handle future computational capabilities.

Hoskinson particularly emphasized that large amounts of Bitcoin stored in early addresses are a key risk factor. The analysis suggests that the volume presumed to be held by Satoshi Nakamoto could also become a major target for attack. It is explained that once quantum computers enter the practical stage, existing elliptic curve cryptography methods could be quickly neutralized, and Bitcoin is structurally not equipped with quantum resistance.

He proposed a fundamental structural overhaul of the entire network as a solution. Hoskinson stated, "For Bitcoin to achieve quantum resistance, it needs a hard fork-level change, not just simple software modifications." He further emphasized the need to completely replace the cryptographic algorithm itself and pointed out that a conservative governance structure could hinder a rapid response.

With Bitcoin's market capitalization exceeding $1.5 trillion, security vulnerabilities are not just a technical issue but are considered a risk that could shake the entire market. Some market participants are even raising extreme predictions that the advent of quantum computers could threaten Bitcoin's very existence.

Hoskinson stressed the need to overcome this crisis through technical responses and urged the acceleration of research into post-quantum cryptography technology. He diagnosed that not only Bitcoin but all blockchain networks face the same threat, and stated that Cardano is also working to secure related technologies. In the midst of technological competition, security capabilities are emerging as a key variable determining survival in the virtual asset market.

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