Bitcoin’s long-term security model is once again under the spotlight following new data from Glassnode suggesting that the network could face theoretical risks in a future dominated by quantum computing. The report shows that a significant portion of BTC’s circulating supply could be vulnerable in the future if quantum technology advances to the point where it can break current cryptographic protections.
Glassnode’s Data Reveals The Scale Of Potential Future ExposureThis is because the public keys associated with those coins have already been exposed on-chain. However, what stands out even more is that roughly 4.12 million BTC of the risk is associated with address reuse and outdated custody methods that unnecessarily increase public-key exposure.
In addition, the data also indicates that centralized exchanges collectively hold more than 1.6 million BTC in potentially exposed addresses.
Comparing Current Volume Collapse To The 2023 Bear Market
