Why quantum computing could put Satoshi’s $100 billion in Bitcoin at risk

Bitcoin (BTC) creator Satoshi holds more than 1.1 million BTC tokens across 22 different public wallet addresses.

Bitcoin held by anonymous creator Satoshi could be at risk with Google’s quantum computing chip launch, Ava Labs co-founder Emin Gün Sirer said. Avalanche founder asks the community to look into freezing Satoshi’s BTC holdings, while analysts say that security risks remain minimal. Bitcoin creator has left a solution to crack the quantum computing threat to the blockchain’s security in a 2010 post. Bitcoin creator Satoshi holds more than 1.

Satoshi’s take on BTC security risks In the Bitcoin talk forum in 2010, Satoshi already discussed the likelihood of advancements in quantum computing. “If SHA-256 became completely broken, I think we could come to some agreement about what the honest block chain was before the trouble started, lock that in and continue from there with a new hash function,Satoshi said. Satoshi’s comments on Bitcointalk.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Cryptocurrencies

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BTC Price Analysis: Three Reasons Why Bitcoin Risks Falling Below $90KThe bitcoin price trades at a discount on Coinbase versus Binance, a sign of weaker U.S. demand. This and other indicators suggest scope for an extended price pullback.
Read more »

Why Bitcoin (BTC) Near $100K Price is More Vulnerable to Negative News Than You ThinkBTC's order book shows that bulls have surprisingly scaled back their firepower, leaving the sell side in a more dominant position.
Read more »

4 Reasons Why Bitcoin’s (BTC) Price Might See a Short-Term CorrectionCrypto Blog
Read more »

Here’s Why Bitcoin’s Rally Is Far From Over as BTC Crosses $91KCrypto Blog
Read more »

Bitcoin Price Forecast: Why BTC could decline in the upcoming days?Bitcoin (BTC) price extends its decline for a second consecutive day on Wednesday, trading slightly down at around $87,600 after a 30% surge since November 5 pushed BTC to a new all-time high at $89,940.
Read more »

Bitcoin Price Forecast: Why BTC could have a healthy pullback?Bitcoin (BTC) hit a new all-time high (ATH) of $89,900 on Tuesday before easing to around $86,000, following a 30% surge since November 5.
Read more »