A recent report from the security startup Project Eleven has sounded the alarm in the crypto ecosystem by warning that “Q-Day”—the moment when quantum computing breaks current encryption—could occur as soon as 2030. Experts predict that technological progress will not be linear, but will feature abrupt leaps capable of compromising the public key systems that protect Bitcoin wallets and global digital infrastructure sooner than expected.
Researchers project the impact will be massive: they estimate that at least 6.9 million BTC, which translates to $590 million, could be exposed to this technology. While current networks use 256-bit encryption, advances in hardware and algorithms suggest the window to migrate to post-quantum standards is closing. Companies like Google are already planning their transition for 2029, increasing the pressure on blockchain developers to implement resistance solutions.
Faced with this catastrophic scenario, the community is already discussing proposals, such as BIP-361 and the use of timestamps suggested by Paradigm researchers to secure fund ownership. The next crucial step will be the coordinated execution of a migration toward quantum-secure addresses to mitigate systemic risks.
Source:https://goo.su/zUyPd
Disclaimer: Crypto Economy Flash News is prepared from official and public sources verified by our editorial team. Its purpose is to quickly inform about relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We recommend always verifying the official channels of each project before making related decisions.
