"Bitcoin Faces Quantum Apocalypse: Upgrade or Die by 2030"

Solana Co-Founder Warns Bitcoin Must Upgrade by 2030 to Avoid Quantum Threat In a stark warning, Solana co-founder Anatoly Yakovenko has cautioned that Bitcoin's current security measures may become obsolete by 2030 due to the threat of quantum computing breakthroughs. According to CoinDesk, Yakovenko emphasized the need for an upgrade to a quantum-resistant signature scheme to safeguard against potential attacks. The proposed solution would require a contentious and complex hard fork, which is a highly technical process that needs widespread support across the network. However, not all experts in the crypto community agree on the urgency of this issue, with some questioning the likelihood of a near-term threat. As noted by CoinDesk, experts such as Adam Back and Peter Todd are less convinced of the near-term threat. Yakovenko's warning comes as the crypto industry grapples with the potential risks posed by quantum computing. According to Yakovenko, "Bitcoin developers must prepare for a possible quantum computing breakthrough that could render the network's current security measures obsolete." He emphasized that the upgrade is crucial to ensure the long-term survival of Bitcoin. The proposed solution would involve migrating Bitcoin to a quantum-resistant signature scheme, which would provide an additional layer of security against potential attacks. However, this process is not without its challenges. As noted by CoinDesk, "a hard fork is a highly contentious and technically complex process that would need widespread support across the network." While some experts may question the urgency of this issue, others see it as a pressing concern. According to Yakovenko, "we must be prepared for the possibility of a quantum computing breakthrough by 2030." He emphasized that the upgrade is essential to ensure the long-term survival of Bitcoin. The current status of the proposed solution is unclear, with no concrete plans announced yet. However, experts are urging developers and stakeholders to take immediate action to address this pressing concern. As noted by Yakovenko, "we must work together to ensure the long-term security of Bitcoin." In conclusion, Solana co-founder Anatoly Yakovenko has sounded a warning that Bitcoin's current security measures may become obsolete by 2030 due to the threat of quantum computing breakthroughs. While some experts question the urgency of this issue, others see it as a pressing concern that requires immediate attention. Sources: CoinDesk: "Solana’s Yakovenko Says Bitcoin Must Upgrade to Survive Quantum Threat by 2030" CoinDesk: "Solana Co-Founder Sounds Alarm: Bitcoin Must Upgrade by 2030 to Avoid Quantum Threat" This story was compiled from reports by CoinDesk and CoinDesk.