Is the Quantum Threat to Bitcoin Real or Not? Galaxy Digital Just Pledged $5 Million to Boost Bitcoin's Quantum Resistance.
Money is now moving to help protect the coin from its biggest emerging threat.
Overview
On July 21, asset manager Galaxy Digital pledged to spend up to $5 million to defend Bitcoin (CRYPTO: BTC) against a future quantum computer that could crack the cryptography guarding everyone's coins. No such computer exists yet, and there probably won't be one for at least five years at the earliest. Even so, the quantum threat to Bitcoin already appears as a disclosure in the risk filings of BlackRock's iShares Bitcoin ETF.
So is the quantum threat to Bitcoin real, or is it an academic issue that's become overblown?
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Originally published at www.fool.com.
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