Is this the reason for the crypto collapse today or what? 📢🟥👀📢
Warning ⚠️📢 Anatoly Yakovenko, founder of Solana, regarding the potential for quantum computers to hack Bitcoin encryption by 2030 is based on real concerns about the advancement of quantum computing 💻💥
Specifically, he points to the ability of Shor's algorithm to break the Elliptic Curve Digital Signature Algorithm (ECDSA) that Bitcoin relies on to secure transactions 🔒💣
If this progress is achieved, it could expose Bitcoin's private keys to danger, threatening the security of the network 🚨😱
Is the world of cryptocurrency prepared? 🤔 Currently, the community is discussing post-quantum cryptography (PQC) solutions to address this threat 💡💻
The National Institute of Standards and Technology (NIST) is working on developing algorithms resistant to quantum computing, but implementing them could increase the size of transaction data and costs, sparking debate about their feasibility 📊🤯
Some countries, like El Salvador, have started taking precautionary steps by converting Bitcoin reserves to quantum-resistant solutions 🌟🔥
However, some experts downplay the threat in the near term, believing that quantum progress may take longer ⏰😴
What if quantum computers were the only solution to save humanity? 🤖💫 Or would they be the end of the world as we know it?
#MarketPullback #GoldHitsRecordHigh #FedRateCut25bps #BigTechStablecoin #BNBChainEcosystemRally $BTC $ETH $LTC