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Quantum threat to Bitcoin could materialize before commercial viability, EU regulators warn

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CoinDesk Staff

(09:32 AM UTC)

1 min read

Reviewed byDavid Kim

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ESMA released a report warning of the risks quantum computing poses. (Planet Volumes/Unsplash)

Summary

European financial regulators warned that advanced quantum computers could eventually break cryptography protecting blockchains, potentially putting about 6.9 million Bitcoin, worth roughly $586 billion, at risk.
Older or reused Bitcoin addresses are especially vulnerable because their public keys…

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