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The Impact of Quantum Computing on the Price of Bitcoin: Research and Summary
⚛️ The Impact of Quantum Computing on the Price $BTC of #Bitcoin Research and Summary
Quantum computing is widely considered the greatest long-term threat to Bitcoin security. However, its impact on the price at the current moment is more a matter of speculation and fear (FUD) than immediate reality.
1. Fundamental Threat to Bitcoin Security
The main concern is not with mining (Proof-of-Work), but with the cryptography that protects wallets:
Private Key Break: Quantum computers, using algorithms like Shor's, would have the theoretical capability to derive the private key of a wallet from the public key (exposed after the first transaction). This would allow an attacker to steal or transfer funds from any vulnerable address.
Quantum computing is widely considered the greatest long-term threat to Bitcoin security. However, its impact on the price at the current moment is more a matter of speculation and fear (FUD) than immediate reality.
1. Fundamental Threat to Bitcoin Security
The main concern is not with mining (Proof-of-Work), but with the cryptography that protects wallets:
Private Key Break: Quantum computers, using algorithms like Shor's, would have the theoretical capability to derive the private key of a wallet from the public key (exposed after the first transaction). This would allow an attacker to steal or transfer funds from any vulnerable address.
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