Quantum Alliance Targets Bitcoin’s Future Security
Photo: Cointribune
Nine crypto organizations have created the Quantum Alliance to define common standards to protect blockchains against future quantum computers. The group estimates that 6.04 million BTC already have a visible public key, but these funds cannot be stolen with machines available today. The threat concerns the cryptography that proves bitcoin ownership , not the general operation of the blockchain. Bitcoin uses signatures based on elliptic curves to verify that a transaction has indeed been authorized by the holder of a private key. A public key allows other users to verify a signature.
Source: Cointribune
