The post Tether CEO Claims Quantum Computers Could Retrieve Satoshi’s Bitcoin ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

Advertisement &nbsp &nbsp Tether CEO Paolo Ardoino has suggested that advancements in quantum computing could make it possible to hack and retrieve lost Bitcoin, including the nearly 1 million BTC supposedly held by Bitcoin’s pseudonymous creator, Satoshi Nakamoto. In a Saturday tweet, Ardoino speculated that quantum computers may one day be able to break cryptographic protections and access lost wallets. However, he emphasized that by the time such technology becomes viable, most Bitcoin holders will have already migrated their assets to quantum-resistant addresses. “In any case, only 21 million BTC. Nothing can change that. Not even quantum computing. This is the really key and important message. Bitcoin is the best asset in the world,” he stated. Notably, Ardoino clarified that quantum computing would primarily impact wallets whose owners have lost access, whether due to forgotten keys, lost backups, or even death. These wallets, unlike actively managed ones, could be compromised once quantum technology reaches a sufficient level. “Quantum-resistant addresses will eventually be added to Bitcoin before there is any serious threat. All people alive (and that have access to their wallets) will move Bitcoin into new quantum-resistant addresses. Any Bitcoin in lost wallets, including Satoshi’s (if not alive), will be hacked and put back in circulation,” he added. Advertisement &nbsp That said, the debate over the quantum threat to Bitcoin is not new with Experts discussing the implications of quantum advancements for years. In December, Pierre-Luc, CEO of blockchain security company Pauli Group, estimated that commercial quantum computers capable of breaking Bitcoin’s elliptic curve cryptography (ECDSA-256) may emerge within five years. ECDSA-256 secures Bitcoin wallets by generating public and private key pairs, but it is known to be vulnerable to Shor’s algorithm. This quantum method can efficiently factor large numbers and potentially compromise private keys. According to expert, some early…

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Filed under: News - @ February 19, 2025 12:20 am