European financial regulators are advancing an uncomfortable hypothesis for Bitcoin: the threat to current cryptographic systems could materialize even before quantum computers find viable commercial applications.
According to estimates relayed by CryptoQuant and Project Eleven, around 6.9 million BTC already rely on outputs whose public key is visible. In the timeframe used in the study, this group represented nearly $586 billion
The EBA, ESMA and EIOPA classify quantum computing as an emerging risk to the financial system
About 6.9 million BTC—around 34% of the circulating supply—would be associated with public keys that are already exposed
BIP-360 prepares a new format that limits this exposure, while BIP-361 organizes a gradual migration
No quantum computer capable of breaking the signatures used by Bitcoin exists currently
Nearly 6.9 million bitcoins already expose their public key
In their joint report on risks and vulnerabilities, the three European supervisory authorities—EBA, ESMA and EIOPA—warn that a sufficiently powerful quantum computer could compromise the cryptographic systems used to secure communications, transactions, databases and blockchains.
#BinanceWillListHyperliquid(HYPE) $NVDAB
According to estimates relayed by CryptoQuant and Project Eleven, around 6.9 million BTC already rely on outputs whose public key is visible. In the timeframe used in the study, this group represented nearly $586 billion
The EBA, ESMA and EIOPA classify quantum computing as an emerging risk to the financial system
About 6.9 million BTC—around 34% of the circulating supply—would be associated with public keys that are already exposed
BIP-360 prepares a new format that limits this exposure, while BIP-361 organizes a gradual migration
No quantum computer capable of breaking the signatures used by Bitcoin exists currently
Nearly 6.9 million bitcoins already expose their public key
In their joint report on risks and vulnerabilities, the three European supervisory authorities—EBA, ESMA and EIOPA—warn that a sufficiently powerful quantum computer could compromise the cryptographic systems used to secure communications, transactions, databases and blockchains.
#BinanceWillListHyperliquid(HYPE) $NVDAB
