Hoskinson: "Bitcoin Will Powerlessly Collapse Against Quantum Computers"

▲ Bitcoin (BTC), Quantum Computer/ChatGPT generated image

Warnings that Bitcoin's (BTC) security system could be shaken by the super variable of quantum computers are rapidly spreading tension throughout the virtual asset market.

According to the cryptocurrency specialized media U.Today on April 22 (local time), Charles Hoskinson, the founder of Cardano (ADA), raised strong doubts about Bitcoin's quantum resistance. Hoskinson pointed out that existing claims that Bitcoin is safe from quantum computer attacks lack basis, and evaluated that the current cryptographic structure would be difficult to handle future computational capabilities.

Hoskinson particularly emphasized that large amounts of Bitcoin stored in early addresses are a key risk factor. He analyzed that the volume presumed to be held by Satoshi Nakamoto could also become a major target for attack. He explained that if quantum computers enter the practical stage, existing elliptic curve cryptography methods could be quickly rendered ineffective, and Bitcoin is structurally not equipped with quantum resistance.

As a solution, he proposed a fundamental structural overhaul of the entire network. Hoskinson stated, "For Bitcoin to achieve quantum resistance, it needs a hard fork level change, not just simple software modifications." He further emphasized that the cryptographic algorithm itself must be completely replaced, and pointed out that a conservative governance structure could hinder a quick response.

With Bitcoin's market capitalization exceeding $1.5 trillion, security vulnerabilities are not just a technical problem but are considered a risk that could shake the entire market. Some in the market are even raising extreme predictions that the advent of quantum computers could threaten Bitcoin's very existence.

Hoskinson emphasized that this crisis must be overcome with a technical response and urged acceleration of research into post-quantum cryptography technology. He diagnosed that not only Bitcoin but all blockchain networks face the same threat, and stated that Cardano is also working to secure related technologies. In the midst of technological competition, security capabilities are emerging as a key variable that determines survival in the virtual asset market.

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