Quantum Threat Looms Over Crypto by 2033, Bitcoin Improvement Proposed by Cardano Founder
Quantum Threat Looms Over Crypto by 2033, Bitcoin Improvement Proposed by Cardano Founder
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Cardano founder Charles Hoskinson warns that quantum technology could outpace current cryptographic systems by 2033. He points to Bitcoin Improvement Proposal (BIP-361) as a viable strategy for transitioning Bitcoin users to quantum-resistant wallet addresses, safeguarding against future threats.
Crypto may need a major overhaul sooner than most people think. Cardano founder Charles Hoskinson pointed to a specific proposal — Bitcoin Improvement Proposal BIP-361 — as a potential path forward for gradually moving Bitcoin users away from older wallet addresses toward ones built to resist quantum attacks. Related Reading: $10M Gone: Thorchain Exploit Triggers […]