Project Eleven warns Bitcoin faces quantum threat by 2030
Crypto Briefing
Research firm Project Eleven warns that quantum computers could potentially breach Bitcoin's legacy encryption by 2030, threatening billions in assets.Summary
Project Eleven reports that quantum computing advancements could crack the encryption of Bitcoin wallets with exposed public keys by 2030. Approximately 6.9 million BTC, often held in older address formats, are vulnerable to these future machines. The firm notes that progress in quantum technology happens in rapid bursts rather than linearly, making it urgent to begin post-quantum migration soon. Because Bitcoin’s decentralized governance makes protocol upgrades slow, the report urges the community to prioritize migration now, as waiting until the last minute will likely be ineffective against the looming technological threat.
(Source：Crypto Briefing)