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Cryptography in Crisis: Bitcoin’s Vulnerabilities in a Quantum World
Bitcoin
10.16.24
Overview Quantum computing is an emerging technology that harnesses the principles of quantum mechanics to perform computations at unprecedented speeds, fundamentally challenging the security frameworks of existing digital systems, including cryptocurrencies like Bitcoin. Bitcoin operates on a decentralized blockchain network secured by complex cryptographic mechanisms, primarily public-key cryptography and hash functions. However, the potential of