Bitcoin’s Quantum Risk May Be Real, But The Network Is Preparing: Report

Galaxy Digital’s latest report says the risk that quantum computing could compromise Bitcoin is real, but so is the work underway to protect the network.

The firm’s research frames the issue as a long-term engineering and governance challenge rather than an imminent crisis, with developers already building tools that could reshape how the network secures trillions in value.

At the center of the concern is a simple premise. Bitcoin relies on cryptographic signatures to prove ownership of coins. Those signatures, based on elliptic curve cryptography, are considered secure against classical computers. 

How Quantum Computing could break Bitcoin

A sufficiently advanced quantum machine…

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