Analysis: A decade-long Bitcoin crisis is approaching. As quantum computing iterations accelerate, holders must promptly migrate away from high-risk addresses.

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ME News report: On May 28 (UTC+8), Scroll co-founder Sandy Peng posted an analysis of the quantum-computing threat facing Bitcoin. The core issue is not a technical problem at the protocol level, but rather one of community governance and coordination among multiple parties. At present, the number of quantum bits required to crack its cryptographic system has dropped significantly. Meanwhile, the iteration progress of computing power among leading enterprises is clearly progressing, and the quantum threat could become real within the next ten years. Risks are especially prominent for early P2PK addresses and Bitcoin assets related to Satoshi, and attack methods such as stealth theft and transaction tampering are all feasible. Although there are mature standards for a quantum-resistant upgrade, such upgrades would severely degrade network performance, increase usage costs, and—based on the community’s past upgrade disagreements—the resistance to a unified upgrade across the entire network would be extremely high. Ethereum has already introduced flexible quantum-protection solutions that support users to independently upgrade signatures. Industry insiders warn that Bitcoin’s survival space is shrinking, and the threat period overlaps closely with the community consensus period. They recommend that retail investors promptly migrate away from high-risk addresses, and that institutions place greater emphasis on relevant risk-control planning. (Forbes) (Source: ODaily)
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MempoolSparrow
· 8h ago
Can performance be exchanged for security? Can miners and developers reach an agreement?
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ViewingBullAndBearMarketsFromA
· 8h ago
If Satoshi Nakamoto's coins are cracked by quantum computers, the scenario is too terrifying to imagine.
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FeeTaker
· 8h ago
Ethereum's flexible upgrades are truly impressive; Bitcoin's conservative approach has become a chain lock at this point.
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GateUser-b665e41c
· 8h ago
Quantum threats are underestimated; community infighting is the biggest risk.
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