Nearly 10% of Bitcoin Supply is ‘Structurally Unsafe’ from Quantum Computing: Glassnode
Summary
Data analytics firm Glassnode has identified that approximately 1.92 million Bitcoin, or roughly 10% of the total supply, are "structurally unsafe" from quantum computing advancements. This vulnerability stems from output types like P2PK and Taproot that expose public keys. While this includes a significant portion of Satoshi-era coins, experts emphasize that theft would only occur if quantum computers could break elliptic curve cryptography, a feat requiring immense computational power. To mitigate risk, researchers suggest evolving wallet infrastructure and adopting quantum-proof paths like BIP-360.
(Source:Cointelegraph)