PANews February 8 News, CoinShares published an article stating that the quantum vulnerability risk of Bitcoin is controllable. The analysis suggests that the current quantum vulnerability risk of Bitcoin remains far from becoming a real threat. The affected addresses mainly include approximately 1.7 million BTC P2PK addresses, accounting for about 8% of the total supply, with limited overall market impact. Modern Bitcoin addresses (P2PKH/P2SH) hide the public key until spent, further reducing short-term quantum risks. Cracking Bitcoin’s secp256k1 keys is nearly impossible within a year and would require hundreds of thousands of times the current logical quantum bits, making it unlikely to be feasible for at least 10 years. Even in an extremely optimistic scenario, short-term attacks and market shocks are limited. The analysis recommends that quantum vulnerability is a foreseeable long-term engineering challenge. Institutional investors should assess risks based on evidence and pay attention to long-term upgrade and migration plans, but there is no need for panic at this time.
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CoinShares: The risk of quantum vulnerability in Bitcoin is manageable, no need to panic at the moment
PANews February 8 News, CoinShares published an article stating that the quantum vulnerability risk of Bitcoin is controllable. The analysis suggests that the current quantum vulnerability risk of Bitcoin remains far from becoming a real threat. The affected addresses mainly include approximately 1.7 million BTC P2PK addresses, accounting for about 8% of the total supply, with limited overall market impact. Modern Bitcoin addresses (P2PKH/P2SH) hide the public key until spent, further reducing short-term quantum risks. Cracking Bitcoin’s secp256k1 keys is nearly impossible within a year and would require hundreds of thousands of times the current logical quantum bits, making it unlikely to be feasible for at least 10 years. Even in an extremely optimistic scenario, short-term attacks and market shocks are limited. The analysis recommends that quantum vulnerability is a foreseeable long-term engineering challenge. Institutional investors should assess risks based on evidence and pay attention to long-term upgrade and migration plans, but there is no need for panic at this time.