Strategy plans to launch Bitcoin security program to address quantum threats

Strategy plans to launch a Bitcoin security program to proactively address potential threats posed by the advancement of quantum computing. Executive Chairman Michael Saylor announced the initiative during the company’s earnings call, emphasizing the need for collaboration with the global cybersecurity, crypto security, and Bitcoin security communities. The program aims to coordinate research and responses to emerging risks, particularly vulnerabilities in Bitcoin’s elliptic curve digital signature algorithm (ECDSA) which could be compromised by Shor’s Algorithm. Approximately 25% of the Bitcoin supply, primarily older addresses, is currently considered vulnerable. While acknowledging the risks, Saylor dismissed current concerns as “FUD,” stating a significant threat is likely over a decade away and premature upgrades could introduce new vulnerabilities. He highlighted Bitcoin’s upgradeability and potential to become stronger with a future quantum-resistant upgrade, emphasizing the importance of global consensus. The crypto ecosystem is already responding, with proposals like BIP 360, though some investors, like Christopher Wood at Jefferies, are taking defensive positions.

(Source：Crypto Briefing)