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Coin Edition 2025-01-08 10:40:00

Quantum Threats to Bitcoin: Mining Speed vs. Security Concerns

Quantum computing may disrupt Bitcoin mining and proof-of-work security. Private key risks grow as quantum algorithms like Shor’s evolve. Bitcoin’s shift to P2PKH addresses reflects proactive security measures. Quantum computing advances may soon pose a real risk to Bitcoin’s security and mining process. A CryptoQuant report explored how advanced quantum algorithms could disrupt Bitcoin’s proof-of-work system. The report raised concerns about the network’s future resilience. Bitcoin mining uses computationally intensive tasks to solve cryptographic puzzles. These puzzles rely on the SHA-256 hash function. Quantum computers could speed this up significantly with algorithms like Grover’s. This means miners could find valid hashes much faster than with traditional systems. Faster Mining vs. Security Risks This “brute-force” calculation could accelerate mining, but it could also compromise Bitcoin’s proof-of-work security model. The network could become vulnerable to attackers. CryptoQuant experts explain: “A higher amount of non-quantum computing hash rate helps keep the network healthier and more resistant to this potential threat.” This is … The post Quantum Threats to Bitcoin: Mining Speed vs. Security Concerns appeared first on Coin Edition .

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