BlackRock: Quantum Computers Could Become an Existential Threat to Bitcoin!
Reading Time: 3 minutes
BlackRock warns in an updated prospectus for its Bitcoin spot ETF, the iShares Bitcoin Trust (IBIT), of a technological challenge that has so far been discussed mainly theoretically but is increasingly taken seriously by institutional players: the potential threat of Bitcoin from quantum computers. The document explicitly points out that advancements in quantum computing could compromise the cryptographic foundations of Bitcoin – particularly the ECDSA (Elliptic Curve Digital Signature Algorithm) and SHA-256 algorithms – in the future. These...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
