Crypto M - Crypto News

🚀 Quantum Threats Are Real but Not Immediate, Experts Say Quantum computing poses a genuine threat to current cryptographic systems, but it is not an immediate concern. According to PANews, understanding which cryptographic components will be affected and how the industry plans to transition is crucial. Experts emphasize the importance of identifying vulnerable areas and preparing for a gradual migration to quantum-resistant technologies. The focus should be on strategic planning and readiness to ensure security in the face of future quantum advancements. #QuantumComputing#Cryptography#CyberSecurity#QuantumThreats#QuantumResistant#TechPlanning#FutureTechnology

🚀 Quantum Safe Bitcoin Proposed to Resist Quantum Attacks Avihu Levy has introduced a concept called Quantum Safe Bitcoin, which is a hash-based transaction design intended to withstand quantum computing attacks. According to NS3.AI, this proposal seeks to enhance Bitcoin's security without altering its fundamental rules. The estimated cost for implementing this design using cloud GPU computing ranges from $75 to $150. However, the complete transaction assembly and broadcast have yet to be demonstrated on the blockchain. #QuantumSafeBitcoin#Bitcoin#QuantumComputing#Blockchain#Cryptocurrency#CyberSecurity#DigitalCurrency#CryptoInnovation#BTC

🚀 Bitcoin Wallet Rescue Tool Prototype Unveiled Amid Quantum Attack Concerns Lightning Labs CTO Olaoluwa Osuntokun has introduced a prototype for a Bitcoin wallet rescue tool. According to NS3.AI, the tool aims to assist Taproot wallets in recovering funds if Bitcoin's current signature system is disabled due to quantum attack threats. Proof generation for the prototype took approximately 55 seconds on a high-end consumer MacBook. Despite the development, there is no formal proposal or deployment timeline, and developers are divided on the urgency of the quantum threat. #Bitcoin#QuantumComputing#Cybersecurity#Cryptocurrency#Blockchain#WalletRecovery#Taproot#TechInnovation#BTC

🚀 Bitcoin Developer Adam Back Addresses Quantum Computing Concerns Bitcoin developer Adam Back has dismissed fears of a quantum computing crisis, asserting that humanity has at least a decade to prepare. According to Bitalk News, Back emphasized that current quantum hardware is still in its infancy, lacking error correction capabilities, and has only achieved basic calculations such as elementary-level factorization. He noted that Google's recent paper merely improved algorithms without any hardware breakthroughs. Back reassured that Bitcoin has ample time to adapt, with Liquid serving as a Layer 2 testing ground that has historically been adopted by the Bitcoin main chain after new signature formats were introduced. He argued that genuine solutions are already in progress, and that media-driven panic is more about selling headlines than reflecting technical realities. #Bitcoin#AdamBack#QuantumComputing#BitcoinDeveloper#Liquid#Layer2#SignatureFormats#ErrorCorrection#QuantumHardware#BitalkNews#Panic#TechnicalRealities#BTC

🚀 Michael Saylor Suggests Bitcoin May Have Bottomed, Downplays Quantum Computing Risks PANews posted on X (formerly Twitter). Michael Saylor, founder and executive chairman of MicroStrategy, expressed at a Mizuho event that Bitcoin likely reached its bottom near $60,000 in early February. He attributed this bottoming more to a depletion of sellers rather than valuation factors. Saylor noted that current selling pressure is limited, with ETF inflows absorbing daily supply and corporations allocating treasury assets to Bitcoin, which sustains demand. Regarding the recent discussions on the threat of quantum computing, Saylor believes the risks are overstated. He stated that the threat remains theoretical and may not need to be addressed for several decades, by which time solutions will likely be available. #MichaelSaylor#Bitcoin#Bottomed#QuantumComputing#ETFInflows#Cryptocurrency#MicroStrategy#Blockchain#TreasuryAssets#CryptoDemand#BTC