Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Willy Woo: Bitcoin needs to guard against quantum computing threats, suggesting migration to SegWit Address as a precaution.

According to Mars Finance, on-chain analyst Willy Woo tweeted that in the future, the “Quantum Computer Era” may allow the Public Key to be reverse-engineered to obtain the Private Key, leading to asset risks. Currently, Taproot addresses starting with “bc1p” are not quantum-safe, while SegWit addresses starting with “bc1q” still have protective capabilities. He advises users to transfer BTC to SegWit or legacy format addresses and to avoid spending before upgrading to quantum-safe protocols to prevent exposure of the Public Key. Woo predicts that the Bitcoin network will complete its quantum safety upgrade in about 7 years, while the quantum threat may arise as early as after 2030.

BTC-2.84%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)