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Project Eleven CEO Warns $2.3T Bitcoin at Risk from Quantum Computers

GateNews
bitcoin newsSecurity Incidents
BTC-0.63%
At the Consensus conference in Miami, Project Eleven CEO Alex Pruden warned that approximately $2.3 trillion worth of Bitcoin is exposed to quantum computing threats, urging developers to adopt post-quantum cryptography signatures in advance. Pruden emphasized that Bitcoin's transition to quantum-resistant security will be more complex than previous upgrades and requires immediate action. The warning follows Project Eleven's recent competition, in which researcher Giancarlo Relli successfully used a quantum computer to break a 15-bit elliptic curve encryption key, demonstrating quantum computers' growing capability to compromise Bitcoin's current ECDSA signature structure.
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