Opinion: Bitcoin Must Upgrade or Risk Falling Victim to Quantum Computing Within Five Years

David Carvalho, founder, CEO, and chief scientist of Naoris Protocol, stated that government agencies such as the National Institute of Standards and Technology (NIST) and the National Security Agency (NSA) aim to fully transition to quantum-safe standards by 2030. However, the Bitcoin community appears to be limited to theoretical solutions, such as BIP-360 (quantum-resistant hash payments) or proposals for delayed reveal of commitments. The era of empty talk is over. If concrete measures are not taken now to adapt the Bitcoin blockchain, Bitcoin’s $2.2 trillion market capitalization could vanish. Just a single compromised wallet or a poorly executed transaction could destroy the trust that has been painstakingly built over the past 16 years.